2621 Norwich DrMontgomeryAL36116
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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 Montgomery at 2621 Norwich Dr, Montgomery, AL, 36116 earns $253/mo cash flow from $986/mo rent with a $636/mo payment. Total monthly income totals $986/mo, and annual cash flow totals $3,030/yr on $43,095 capital. ROI tracks 26.94% on current figures, and rental yield reads 9.1% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 139.87% and total cumulative return in cash sums $60,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $986/mo property income instead of your personal income.
Single Family
Built in 1968
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36116, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,731 (100%) |
| Owner Occupied HU | 8,809 (42.5%) |
| Renter Occupied HU | 9,974 (48.1%) |
| Vacant Housing Units | 1,948 ( 9.4%) |
| Median Home Value | $162,402 |
| Average Home Value | $247,377 |
Housing Distribution
Address Breakdown
Residential
18,818
Single Family
13,921
Multi-Family
4,897
Businesses
1,059
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Listed by: Willie Kelly, Jr • First Call Realty of Montg
Mls Name: MAAR
Mls ID: #580789