3216 Meriwether DrPike RoadAL36064
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 Pike Road at 3216 Meriwether Dr, Pike Road, AL, 36064 priced at $268,200 pairs $2,202/mo rent with $621/mo cash flow after a $1,313/mo payment. Total monthly income equals $2,202/mo, and annual cash flow comes to $7,458/yr on $88,908 invested. Return on cash invested is 28.3% in year one, and rental yield stands at 9.85% on a $268,200 basis. Equity gained on principal adds $1,731/yr, and 5% annual appreciation accumulates to $74,099 by year five. Five-year ROI measures 147.46% and total cumulative return in cash reaches $131,100. For financing, Ziffy Mortgage’s DSCR program evaluates $2,202/mo property income against a $1,313/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices