2988 Old Farm RdMontgomeryAL36111
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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 2988 Old Farm Rd, Montgomery, AL, 36111 generates $1,488/mo in rent and, after a $773/mo payment, leaves $521/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $6,257/yr on $52,377 invested. Return on cash invested sits at 31.86% in year one, and rental yield is 11.3% on a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 166.88% and total cumulative return in cash sums $87,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
5,402 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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