3608 Merrifield DrSelmaAL36703
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
Investment property for sale in Selma at 3608 Merrifield Dr, Selma, AL, 36703 offers a 9.25% rental yield on a $145,000 purchase with $1,118/mo rent. Total monthly income registers $1,118/mo, and a $710/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,591/yr on $48,068 to close, and return on cash invested stands at 27.38% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 142.29% and total cumulative return in cash at $68,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,118/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36703, Selma, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 2,477 (43.5%) |
| Renter Occupied HU | 2,332 (41.0%) |
| Vacant Housing Units | 883 (15.5%) |
| Median Home Value | $85,769 |
| Average Home Value | $123,568 |
Housing Distribution
Address Breakdown
Residential
4,773
Single Family
4,319
Multi-Family
454
Businesses
356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices