247 Owens RdFort MitchellAL36856
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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 Fort Mitchell at 247 Owens Rd, Fort Mitchell, AL, 36856 at $285,000 posts ROI 25.46% with $437/mo cash flow from $2,046/mo rent. Total monthly income equals $2,046/mo, and annual cash flow records $5,247/yr on $94,478 to close. Return on cash invested measures 25.46% and rental yield reads 8.61% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 131.95% and total cumulative return in cash totals $124,662.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,046/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
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Listed by: DEBORAH ROBINSON • KELLER WILLIAMS REALTY RIVER CITIES III
Mls Name: LCMLS
Mls ID: #175451
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.