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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Mitchell at 51 Honeysuckle Way, Fort Mitchell, AL, 36856 offers $2,578/mo rent that, after a $1,263/mo payment, leaves $1,084/mo cash flow. Total monthly income is $2,578/mo, and annual cash flow is $13,004/yr on $85,527 cash. Return on cash invested measures 35.11% in year one, and rental yield stands at 11.99% at a $258,000 entry. Equity gained on principal adds $1,665/yr while 5% annual appreciation compounds into $71,281 by year five. Five-year ROI records 183.86% and total cumulative return in cash reaches $157,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,578/mo property income versus a $1,263/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Sold | $258,000 |
| 2025-05-13 | Pending sale | $265,000 |
| 2025-05-06 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | N/A | N/A | $23,280 | -43.58% |
| 2023-10-15 | $1485.36 | 11.33% | $41,260 | 11.33% |
| 2022-10-15 | $1334.16 | 10.17% | $37,060 | 10.17% |
What's Special
Attic Vent
Listed by: Daniel Ryckman • eXp Realty LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #220926
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.
