308 Cornwall DrMayleneAL35114
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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 Maylene at 308 Cornwall Dr, Maylene, AL, 35114 priced at $527,706 pairs $2,640/mo rent with after a $2,583/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 17.52% in year one, and rental yield stands at 6% on a $527,706 basis. Equity gained on principal adds $3,405/yr, and 5% annual appreciation accumulates to $145,795 by year five. Five-year ROI measures 89.35% and total cumulative return in cash reaches $155,130. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $2,583/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35114, Maylene, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,770 (100%) |
| Owner Occupied HU | 2,416 (87.2%) |
| Renter Occupied HU | 277 ( 10.0%) |
| Vacant Housing Units | 77 ( 2.8%) |
| Median Home Value | $326,461 |
| Average Home Value | $331,081 |
Housing Distribution
Address Breakdown
Residential
2,784
Single Family
2,784
Multi-Family
0
Businesses
20
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Listed by: Kelli Mack • Embridge Realty, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402679
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.