5473 New Found RdMount OliveAL35117
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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 Mount Olive at 5473 New Found Rd, Mount Olive, AL, 35117 uses $95,804 cash to close to unlock $3,051/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,415/mo payment keeps the spread at $254/mo. Purchase price stands at $289,000, and rental yield measures 7.83% with $1,886/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash records $114,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35117, Mount Olive, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 2,258 (84.1%) |
| Renter Occupied HU | 289 (10.8%) |
| Vacant Housing Units | 139 ( 5.2%) |
| Median Home Value | $290,234 |
| Average Home Value | $310,559 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
55
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Listed by: Summer McIsaac • Keller Williams Homewood
Mls Name: GALMLS
Mls ID: #21433902