310 Melison DrPike RoadAL36064
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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 Pike Road at 310 Melison Dr, Pike Road, AL, 36064 priced at $400,000 converts $2,812/mo rent into $408/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,812/mo, and annual cash flow totals $4,900/yr on $132,600 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 8.44% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 122.44% and total cumulative return in cash sums $162,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,812/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2015
8,056 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36064, Pike Road, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,084 (100%) |
| Owner Occupied HU | 4,031 (79.3%) |
| Renter Occupied HU | 777 (15.3%) |
| Vacant Housing Units | 276 ( 5.4%) |
| Median Home Value | $377,438 |
| Average Home Value | $407,222 |
Housing Distribution
Address Breakdown
Residential
5,585
Single Family
4,368
Multi-Family
1,217
Businesses
295
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