50 Harris RdElmoreAL36025
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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 Elmore at 50 Harris Rd, Elmore, AL, 36025 priced at $290,000 converts $2,220/mo rent into $584/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $7,002/yr on $96,135 invested. Return on cash invested prints 27.19% in year one, and rental yield reads 9.19% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 141.21% and total cumulative return in cash sums $135,748. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1991
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36025, Elmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,668 (100%) |
| Owner Occupied HU | 1,180 (70.7%) |
| Renter Occupied HU | 400 (24.0%) |
| Vacant Housing Units | 88 ( 5.3%) |
| Median Home Value | $207,143 |
| Average Home Value | $202,483 |
Housing Distribution
Address Breakdown
Residential
1,575
Single Family
1,575
Multi-Family
0
Businesses
102
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