4408 Canterbury StMount OliveAL35117
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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
Investment property for sale in Mount Olive at 4408 Canterbury St, Mount Olive, AL, 35117 uses $80,886 cash to close to unlock $9,300/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $2,152/mo, and a $1,194/mo payment keeps the spread at $775/mo. Purchase price stands at $244,000, and rental yield measures 10.58% with $2,152/mo rent. Return on cash invested shows 31.41% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 163.75% and total cumulative return in cash records $132,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,152/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35117, Mount Olive, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 2,258 (84.1%) |
| Renter Occupied HU | 289 (10.8%) |
| Vacant Housing Units | 139 ( 5.2%) |
| Median Home Value | $290,234 |
| Average Home Value | $310,559 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
55
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Listed by: Nakia Walker • Opendoor Brokerage LLC
Mls Name: GALMLS
Mls ID: #21430574