282 Blake DrMidland CityAL36350
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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 Midland City at 282 Blake Dr, Midland City, AL, 36350 priced at $195,000 converts $1,583/mo rent into $483/mo cash flow after a $954/mo obligation. Total monthly income equals $1,583/mo, and annual cash flow totals $5,793/yr on $64,643 invested. Return on cash invested prints 28.87% in year one, and rental yield reads 9.74% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 150.2% and total cumulative return in cash sums $97,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,583/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Areaun Lane • 1st Class Real Estate Wiregrass
Mls Name: Wiregrass BOR
Mls ID: #555014