2948 Canterbury DrMontgomeryAL36111
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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 Montgomery at 2948 Canterbury Dr, Montgomery, AL, 36111 generates $1,556/mo in rent and, after a $810/mo payment, leaves $622/mo in cash flow. Total monthly income is $1,556/mo, and annual cash flow is $7,462/yr on $54,863 invested. Return on cash invested sits at 33.51% in year one, and rental yield is 11.28% on a $165,500 entry. Equity gained on principal adds $1,068/yr, while 5% annual appreciation builds toward $45,725 over five years. Five-year ROI reaches 175.07% and total cumulative return in cash sums $96,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,556/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36111, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,650 (100%) |
| Owner Occupied HU | 3,015 (53.4%) |
| Renter Occupied HU | 1,998 (35.4%) |
| Vacant Housing Units | 637 (11.3%) |
| Median Home Value | $210,299 |
| Average Home Value | $276,216 |
Housing Distribution
Address Breakdown
Residential
5,518
Single Family
4,591
Multi-Family
927
Businesses
232
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Listed by: Carol Andrews • First Call Realty of Montg
Mls Name: MAAR
Mls ID: #582792