475 Springdale RdMount OliveAL35117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 475 Springdale Rd, Mount Olive, AL, 35117 offers a 9.13% rental yield on a $100,000 purchase with $761/mo rent. Total monthly income registers $761/mo, and a $489/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,364/yr on $33,150 to close, and return on cash invested stands at 27.04% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 140.36% and total cumulative return in cash at $46,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $761/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1960
0.49 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caroline Grimes • Sweet HOMElife Real Estate
Mls Name: GALMLS
Mls ID: #21439284