24681 Olive StElbertaAL36530
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Elberta at 24681 Olive St, Elberta, AL, 36530 uses $54,366 cash to close to unlock $12,708/yr annual cash flow and $1,059/mo monthly cash flow. Total monthly income runs $1,985/mo, and a $803/mo payment keeps the spread at $1,059/mo. Purchase price stands at $164,000, and rental yield measures 14.52% with $1,985/mo rent. Return on cash invested shows 43.28% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 227.45% and total cumulative return in cash records $123,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,985/mo property income covering a $803/mo payment rather than investor’s personal income.
Single Family
Built in 2021
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36530, Elberta, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,581 (100%) |
| Owner Occupied HU | 2,894 (63.2%) |
| Renter Occupied HU | 835 (18.2%) |
| Vacant Housing Units | 852 (18.6%) |
| Median Home Value | $286,771 |
| Average Home Value | $387,855 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,202
Multi-Family
0
Businesses
154
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Listed by: Nancy Harmon • World Impact Real Estate
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #379513
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.