30 Melinda DrSaralandAL36571
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
Rental property for sale in Saraland at 30 Melinda Dr, Saraland, AL, 36571 priced at $180,000 converts $1,632/mo rent into $616/mo cash flow after a $881/mo obligation. Total monthly income equals $1,632/mo, and annual cash flow totals $7,392/yr on $59,670 invested. Return on cash invested prints 32.3% in year one, and rental yield reads 10.88% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 168.53% and total cumulative return in cash sums $100,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,632/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36571, Saraland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,183 (100%) |
| Owner Occupied HU | 4,858 (67.6%) |
| Renter Occupied HU | 1,840 (25.6%) |
| Vacant Housing Units | 485 ( 6.8%) |
| Median Home Value | $226,544 |
| Average Home Value | $253,096 |
Housing Distribution
Address Breakdown
Residential
7,051
Single Family
6,242
Multi-Family
809
Businesses
737
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