2624 Springfield DrMontgomeryAL36108
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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 2624 Springfield Dr, Montgomery, AL, 36108 uses $36,797 cash to close to unlock $2,841/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $863/mo, and a $543/mo payment keeps the spread at $237/mo. Purchase price stands at $111,000, and rental yield measures 9.33% with $863/mo rent. Return on cash invested shows 27.63% in year one, and 5% annual appreciation builds toward $30,667 over five years. Five-year ROI reaches 143.53% and total cumulative return in cash records $52,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $543/mo payment rather than investor’s personal income.
Single Family
Built in 1967
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36108, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,859 (100%) |
| Owner Occupied HU | 3,960 (44.7%) |
| Renter Occupied HU | 3,066 (34.6%) |
| Vacant Housing Units | 1,833 (20.7%) |
| Median Home Value | $94,277 |
| Average Home Value | $170,963 |
Housing Distribution
Address Breakdown
Residential
7,894
Single Family
7,120
Multi-Family
774
Businesses
695
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Listed by: Tony Alvarez • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls ID: #21421872