429 Plant AveJackAL36323
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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 Jack at 429 Plant Ave, Jack, AL, 36323 priced at $147,900 converts $1,242/mo rent into $407/mo cash flow after a $724/mo obligation. Total monthly income equals $1,242/mo, and annual cash flow totals $4,885/yr on $49,029 invested. Return on cash invested prints 29.87% in year one, and rental yield reads 10.08% against a $147,900 entry. Equity gained on principal adds $954/yr, while 5% annual appreciation compiles into $40,862 by year five. Five-year ROI reaches 155.63% and total cumulative return in cash sums $76,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,242/mo property income covering a $724/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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Listed by: Brenda Miller • Simply South Realty LLC
Mls Name: Wiregrass BOR
Mls ID: #553727
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.