389 Spenseth DrMontgomeryAL36109
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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 Montgomery at 389 Spenseth Dr, Montgomery, AL, 36109 priced at $170,000 converts $1,315/mo rent into $356/mo cash flow after a $832/mo obligation. Total monthly income equals $1,315/mo, and annual cash flow totals $4,266/yr on $56,355 invested. Return on cash invested prints 27.48% in year one, and rental yield reads 9.28% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 142.77% and total cumulative return in cash sums $80,457. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,315/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36109, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,022 (100%) |
| Owner Occupied HU | 6,978 (63.3%) |
| Renter Occupied HU | 3,255 (29.5%) |
| Vacant Housing Units | 789 ( 7.2%) |
| Median Home Value | $154,173 |
| Average Home Value | $182,479 |
Housing Distribution
Address Breakdown
Residential
10,699
Single Family
10,450
Multi-Family
249
Businesses
765
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Listed by: Michelle C. Burnett • Real Broker, LLC.
Mls Name: MAAR
Mls ID: #581174