3424 Oak Grove CirMontgomeryAL36116
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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
Investment property for sale in Montgomery at 3424 Oak Grove Cir, Montgomery, AL, 36116 uses $104,423 cash to close to unlock $7,053/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $2,366/mo, and a $1,542/mo payment keeps the spread at $588/mo. Purchase price stands at $315,000, and rental yield measures 9.01% with $2,366/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 138.35% and total cumulative return in cash records $144,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,366/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36116, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,731 (100%) |
| Owner Occupied HU | 8,809 (42.5%) |
| Renter Occupied HU | 9,974 (48.1%) |
| Vacant Housing Units | 1,948 ( 9.4%) |
| Median Home Value | $162,402 |
| Average Home Value | $247,377 |
Housing Distribution
Address Breakdown
Residential
18,818
Single Family
13,921
Multi-Family
4,897
Businesses
1,059
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Listed by: Lyle Wilks • First Call Realty of Montg
Mls Name: MAAR
Mls ID: #582678