28615 Old Scrouge RdElkmontAL35620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkmont at 28615 Old Scrouge Rd, Elkmont, AL, 35620 uses $62,952 cash to close to unlock $4,831/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $929/mo payment keeps the spread at $403/mo. Purchase price stands at $189,900, and rental yield measures 9.31% with $1,474/mo rent. Return on cash invested shows 27.58% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 143.3% and total cumulative return in cash records $90,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35620, Elkmont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 3,136 (77.5%) |
| Renter Occupied HU | 705 (17.4%) |
| Vacant Housing Units | 204 ( 5.0%) |
| Median Home Value | $262,939 |
| Average Home Value | $298,829 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
117
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Listed by: Verna Stephens • Dream Key Real Estate, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883885
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