2809 Bettye F Johnson StEight MileAL36613
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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 Eight Mile at 2809 Bettye F Johnson St, Eight Mile, AL, 36613 priced at $186,500 converts $1,746/mo rent into $693/mo cash flow after a $913/mo obligation. Total monthly income equals $1,746/mo, and annual cash flow totals $8,317/yr on $61,825 invested. Return on cash invested prints 33.36% in year one, and rental yield reads 11.23% against a $186,500 entry. Equity gained on principal adds $1,203/yr, while 5% annual appreciation compiles into $51,527 by year five. Five-year ROI reaches 174.35% and total cumulative return in cash sums $107,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,746/mo property income covering a $913/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: Ron Lattrell • RE/MAX Select
Mls Name: GCMLS
Mls Provider:
Mls ID: #7490337
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.