315 Hospital Dr, Millport, AL, 35592 | $423/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Millport at 315 Hospital Dr, Millport, AL, 35592 offers $1,156/mo rent that, after a $636/mo payment, leaves $423/mo cash flow. Total monthly income is $1,156/mo, and annual cash flow is $5,070/yr on $43,095 cash. Return on cash invested measures 31.67% in year one, and rental yield stands at 10.67% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 165.27% and total cumulative return in cash reaches $71,223. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,156/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1964

1.50 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,274 (100%)
Owner Occupied HU	1,364 (60.0%)
Renter Occupied HU	535 (23.5%)
Vacant Housing Units	375 (16.5%)
Median Home Value	$136,699
Average Home Value	$159,173