6112 Cove RdMentoneAL35984
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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 Mentone at 6112 Cove Rd, Mentone, AL, 35984 listed at $532,500 pairs $0/mo rent with a $2,606/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -0.53% in year one, and rental yield registers 0% at a $532,500 basis. Equity gained on principal adds $3,436/yr, and annual property appreciation at 5% supports $147,120 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,606/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35984, Mentone, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 715 (53.7%) |
| Renter Occupied HU | 152 (11.4%) |
| Vacant Housing Units | 464 (34.9%) |
| Median Home Value | $222,917 |
| Average Home Value | $292,136 |
Housing Distribution
Address Breakdown
Residential
1,025
Single Family
1,025
Multi-Family
0
Businesses
75
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