4216 College PkwyEight MileAL36613
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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 Eight Mile at 4216 College Pkwy, Eight Mile, AL, 36613 priced at $250,000 pairs $2,179/mo rent with $765/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,179/mo, and annual cash flow comes to $9,182/yr on $82,875 invested. Return on cash invested is 30.99% in year one, and rental yield stands at 10.46% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 161.59% and total cumulative return in cash reaches $133,918. For financing, Ziffy Mortgage’s DSCR program evaluates $2,179/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: Lorrie Lister • eXp Realty Port City North
Mls Name: GCMLS
Mls Provider:
Mls ID: #7436748
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.