2589 Mount Ida RdLuverneAL36049
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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 Luverne at 2589 Mount Ida Rd, Luverne, AL, 36049 earns $855/mo cash flow from $2,179/mo rent with a $1,148/mo payment. Total monthly income totals $2,179/mo, and annual cash flow totals $10,261/yr on $77,770 capital. ROI tracks 33.1% on current figures, and rental yield reads 11.15% at a $234,600 purchase. Equity gained on principal adds $1,514/yr, and 5% annual appreciation supports $64,816 over five years. Five-year ROI reaches 172.92% and total cumulative return in cash sums $134,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,179/mo property income instead of your personal income.
Single Family
Built in 2015
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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