319 Boyce StMontgomeryAL36107
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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 319 Boyce St, Montgomery, AL, 36107 generates $1,074/mo in rent, after a $3,181/mo payment. Total monthly income is $1,074/mo. Return on cash invested sits at 5.5% in year one, and rental yield is 1.98% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 24.83% and total cumulative return in cash sums $53,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36107, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,276 (100%) |
| Owner Occupied HU | 1,256 (29.4%) |
| Renter Occupied HU | 2,236 (52.3%) |
| Vacant Housing Units | 784 (18.3%) |
| Median Home Value | $112,719 |
| Average Home Value | $179,126 |
Housing Distribution
Address Breakdown
Residential
3,635
Single Family
3,331
Multi-Family
304
Businesses
437
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Listed by: Michael Stroup • Harris And Atkins Real Estate
Mls Name: MAAR
Mls ID: #580761