4853 Cove LnMount 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 4853 Cove Ln, Mount Olive, AL, 35117 with 5% annual appreciation on a $238,400 basis while $2,186/mo rent supports operations. Total monthly income totals $2,186/mo and a $1,167/mo payment preserves $816/mo for cash returns. Annual cash flow comes to $9,788/yr on $79,030 deployed, and return on cash invested reaches 32.29% in year one. Equity gained on principal adds $1,538/yr, and five-year appreciation sums $65,866 alongside rental yield of 11%. Five-year ROI measures 168.7% and total cumulative return in cash totals $133,324.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,186/mo property income versus a $1,167/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
4,791 sqft lot
$N/A/sqft
$120 annually 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: Darrell Sanderson • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399554
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.