422 W Wiggins StMonroevilleAL36460
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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 Monroeville at 422 W Wiggins St, Monroeville, AL, 36460 priced at $429,900 pairs $594/mo rent with after a $2,104/mo payment. Total monthly income equals $594/mo. Return on cash invested is 4.48% in year one, and rental yield stands at 1.66% on a $429,900 basis. Equity gained on principal adds $2,774/yr, and 5% annual appreciation accumulates to $118,773 by year five. Five-year ROI measures 19.4% and total cumulative return in cash reaches $27,643. For financing, Ziffy Mortgage’s DSCR program evaluates $594/mo property income against a $2,104/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36460, Monroeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,919 (100%) |
| Owner Occupied HU | 2,845 (57.8%) |
| Renter Occupied HU | 1,296 (26.3%) |
| Vacant Housing Units | 778 (15.8%) |
| Median Home Value | $172,455 |
| Average Home Value | $206,851 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
3,954
Multi-Family
317
Businesses
392
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Listed by: Emily Nettles • Prestige Realty Experts
Mls Name: Baldwin Realtors
Mls ID: #386624