28 Monroe St APT 202MontgomeryAL36104
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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 28 Monroe St APT 202, Montgomery, AL, 36104 offers a 8.54% rental yield on a $185,000 purchase with $1,316/mo rent. Total monthly income registers $1,316/mo, and a $905/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,267/yr on $61,328 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 130.75% and total cumulative return in cash at $80,187. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,316/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36104, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,824 (100%) |
| Owner Occupied HU | 939 (19.5%) |
| Renter Occupied HU | 2,442 (50.6%) |
| Vacant Housing Units | 1,443 (29.9%) |
| Median Home Value | $125,781 |
| Average Home Value | $238,222 |
Housing Distribution
Address Breakdown
Residential
3,761
Single Family
3,151
Multi-Family
610
Businesses
1,196
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Listed by: Andy Collins • ERA Waldrop Real Estate
Mls Name: GALMLS
Mls ID: #21435927