5618 New Harvest DrMontgomeryAL36116
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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 Montgomery at 5618 New Harvest Dr, Montgomery, AL, 36116 generates $2,224/mo in rent and, after a $1,866/mo payment, leaves $7/mo in cash flow. Total monthly income is $2,224/mo, and annual cash flow is $85/yr on $126,368 invested. Return on cash invested sits at 19.98% in year one, and rental yield is 7% on a $381,200 entry. Equity gained on principal adds $2,460/yr, while 5% annual appreciation builds toward $105,319 over five years. Five-year ROI reaches 102.74% and total cumulative return in cash sums $129,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,224/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36116, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,731 (100%) |
| Owner Occupied HU | 8,809 (42.5%) |
| Renter Occupied HU | 9,974 (48.1%) |
| Vacant Housing Units | 1,948 ( 9.4%) |
| Median Home Value | $162,402 |
| Average Home Value | $247,377 |
Housing Distribution
Address Breakdown
Residential
18,818
Single Family
13,921
Multi-Family
4,897
Businesses
1,059
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