264 Byrd Dr LOT 1Owens Cross RoadsAL35763
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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
Rental property for sale in Owens Cross Roads at 264 Byrd Dr LOT 1, Owens Cross Roads, AL, 35763 generates $797/mo in rent, after a $514/mo payment. Total monthly income is $797/mo. Return on cash invested sits at 9.71% in year one, and rental yield is 9.11% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 53.86% and total cumulative return in cash sums $18,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $797/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
719 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35763, Owens Cross Roads, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,206 (100%) |
| Owner Occupied HU | 7,738 (84.1%) |
| Renter Occupied HU | 1,165 (12.7%) |
| Vacant Housing Units | 303 ( 3.3%) |
| Median Home Value | $436,995 |
| Average Home Value | $478,066 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
9,173
Multi-Family
0
Businesses
322
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