616 Wanda CtMontgomeryAL36109
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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 616 Wanda Ct, Montgomery, AL, 36109 priced at $199,900 pairs $1,582/mo rent with $454/mo cash flow after a $978/mo payment. Total monthly income equals $1,582/mo, and annual cash flow comes to $5,449/yr on $66,267 invested. Return on cash invested is 28.13% in year one, and rental yield stands at 9.5% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 146.28% and total cumulative return in cash reaches $96,937. For financing, Ziffy Mortgage’s DSCR program evaluates $1,582/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36109, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,022 (100%) |
| Owner Occupied HU | 6,978 (63.3%) |
| Renter Occupied HU | 3,255 (29.5%) |
| Vacant Housing Units | 789 ( 7.2%) |
| Median Home Value | $154,173 |
| Average Home Value | $182,479 |
Housing Distribution
Address Breakdown
Residential
10,699
Single Family
10,450
Multi-Family
249
Businesses
765
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Listed by: Matthew Wallace • Wallace & Moody Realty
Mls Name: MAAR
Mls ID: #579820