408 County Road 637MentoneAL35984
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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
Total monthly income runs $1,670/mo, and a $2,398/mo payment. Purchase price stands at $490,000, and rental yield measures 4.09% with $1,670/mo rent. Return on cash invested shows 11.82% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 58.73% and total cumulative return in cash records $95,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,670/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35984, Mentone, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 715 (53.7%) |
| Renter Occupied HU | 152 (11.4%) |
| Vacant Housing Units | 464 (34.9%) |
| Median Home Value | $222,917 |
| Average Home Value | $292,136 |
Housing Distribution
Address Breakdown
Residential
1,025
Single Family
1,025
Multi-Family
0
Businesses
75
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