2677 Hickman AveElbaAL36323
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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 Elba at 2677 Hickman Ave, Elba, AL, 36323 uses $70,610 cash to close to unlock $1,239/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,306/mo, and a $1,043/mo payment keeps the spread at $103/mo. Purchase price stands at $213,000, and rental yield measures 7.36% with $1,306/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $58,848 over five years. Five-year ROI reaches 111.6% and total cumulative return in cash records $78,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,306/mo property income covering a $1,043/mo payment rather than investor’s personal income.
Single Family
Built in 1999
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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