437 Old Six Mile RdSomervilleAL35670
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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 Somerville at 437 Old Six Mile Rd, Somerville, AL, 35670 generates $1,931/mo in rent and, after a $1,468/mo payment, leaves $238/mo in cash flow. Total monthly income is $1,931/mo, and annual cash flow is $2,856/yr on $99,450 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 7.72% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 117.53% and total cumulative return in cash sums $116,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,931/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35670, Somerville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,718 (75.5%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 349 ( 9.7%) |
| Median Home Value | $260,526 |
| Average Home Value | $262,934 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,357
Multi-Family
0
Businesses
141
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Listed by: Hollie Blackwood • Real Broker LLC
Mls Name: ValleyMLS
Mls ID: #21904782