61 Maylene DrMayleneAL35114
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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 Maylene at 61 Maylene Dr, Maylene, AL, 35114 uses $84,831 cash to close to unlock $4,621/yr annual cash flow and $385/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $1,253/mo payment keeps the spread at $385/mo. Purchase price stands at $255,900, and rental yield measures 8.58% with $1,830/mo rent. Return on cash invested shows 25.36% in year one, and 5% annual appreciation builds toward $70,700 over five years. Five-year ROI reaches 131.39% and total cumulative return in cash records $111,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $1,253/mo payment rather than investor’s personal income.
Single Family
Built in 1930
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35114, Maylene, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,770 (100%) |
| Owner Occupied HU | 2,416 (87.2%) |
| Renter Occupied HU | 277 ( 10.0%) |
| Vacant Housing Units | 77 ( 2.8%) |
| Median Home Value | $326,461 |
| Average Home Value | $331,081 |
Housing Distribution
Address Breakdown
Residential
2,784
Single Family
2,784
Multi-Family
0
Businesses
20
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Listed by: Freda Williams • RE/MAX Advantage South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21431358
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.