373 Meeks RdWellingtonAL36279
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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 Wellington at 373 Meeks Rd, Wellington, AL, 36279 offers $0/mo rent that, after a $1,415/mo payment. Total monthly income is $0/mo. Return on cash invested measures -0.53% in year one, and rental yield stands at 0% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36279, Wellington, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 762 (74.7%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 128 (12.5%) |
| Median Home Value | $234,118 |
| Average Home Value | $231,001 |
Housing Distribution
Address Breakdown
Residential
1,066
Single Family
1,066
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Gabby Alvarez • ERA King Real Estate
Mls Name: GALMLS
Mls ID: #21431878