509 Davis St EElbaAL36323
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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 Elba at 509 Davis St E, Elba, AL, 36323 at $210,400 posts ROI 27.21% with $424/mo cash flow from $1,612/mo rent. Total monthly income equals $1,612/mo, and annual cash flow records $5,090/yr on $69,748 to close. Return on cash invested measures 27.21% and rental yield reads 9.19% at the current $210,400. Equity gained on principal adds $1,358/yr, and 5% annual appreciation supports $58,130 by year five. Five-year ROI prints 141.32% and total cumulative return in cash totals $98,565.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,612/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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