294 Pleasant RdMount OliveAL35117
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 Mount Olive at 294 Pleasant Rd, Mount Olive, AL, 35117 listed at $139,900 pairs $1,118/mo rent with a $685/mo payment to leave $328/mo cash flow. Total monthly income runs $1,118/mo, and annual cash flow reaches $3,937/yr on $46,377 cash to close. Return on cash invested measures 28.4% in year one, and rental yield registers 9.59% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 147.78% and total cumulative return in cash totals $68,535. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,118/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35117, Mount Olive, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 2,258 (84.1%) |
| Renter Occupied HU | 289 (10.8%) |
| Vacant Housing Units | 139 ( 5.2%) |
| Median Home Value | $290,234 |
| Average Home Value | $310,559 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keith Marshall • RE/MAX on Main
Mls Name: GALMLS
Mls ID: #21429963