6202 Grange Forge RdRed LevelAL36474
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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 Red Level at 6202 Grange Forge Rd, Red Level, AL, 36474 earns $279/mo cash flow from $985/mo rent with a $612/mo payment. Total monthly income totals $985/mo, and annual cash flow totals $3,351/yr on $41,438 capital. ROI tracks 28% on current figures, and rental yield reads 9.46% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 145.56% and total cumulative return in cash sums $60,317. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $985/mo property income instead of your personal income.
Single Family
Built in 2000
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36474, Red Level, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,469 (100%) |
| Owner Occupied HU | 945 (64.3%) |
| Renter Occupied HU | 210 (14.3%) |
| Vacant Housing Units | 314 (21.4%) |
| Median Home Value | $150,248 |
| Average Home Value | $191,788 |
Housing Distribution
Address Breakdown
Residential
1,250
Single Family
1,250
Multi-Family
0
Businesses
34
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Listed by: Nancy Clark • Clark Real Estate Group
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25245
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.