343 Old Sparta RdEvergreenAL36401
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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 Evergreen at 343 Old Sparta Rd, Evergreen, AL, 36401 priced at $499,000 converts $1,157/mo rent into after a $2,442/mo obligation. Total monthly income equals $1,157/mo. Return on cash invested prints 7.87% in year one, and rental yield reads 2.78% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 37.57% and total cumulative return in cash sums $62,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,157/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1997
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
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Listed by: Susan Coleman • Outlaw Realty LLC
Mls Name: Wiregrass BOR
Mls ID: #553784
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.