5108 Ella AveEight 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
Investment property for sale in Eight Mile at 5108 Ella Ave, Eight Mile, AL, 36613 offers a 11.06% rental yield on a $179,900 purchase with $1,658/mo rent. Total monthly income registers $1,658/mo, and a $881/mo payment leaves $642/mo available for distribution. Annual cash flow reaches $7,705/yr on $59,637 to close, and return on cash invested stands at 32.83% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 171.49% and total cumulative return in cash at $102,273. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,658/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.54 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: Tamika York • RE/MAX Realty Professionals
Mls Name: GCMLS
Mls ID: #7644569