5015 Golfway DrEight MileAL36613
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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 Eight Mile at 5015 Golfway Dr, Eight Mile, AL, 36613 generates $1,812/mo in rent and, after a $1,220/mo payment, leaves $405/mo in cash flow. Total monthly income is $1,812/mo, and annual cash flow is $4,861/yr on $82,633 invested. Return on cash invested sits at 25.79% in year one, and rental yield is 8.72% on a $249,269 entry. Equity gained on principal adds $1,608/yr, while 5% annual appreciation builds toward $68,868 over five years. Five-year ROI reaches 133.72% and total cumulative return in cash sums $110,492. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: April Barton • Legendary Realty,LLC
Mls Name: GCMLS
Mls ID: #7671148