6220 Castle Heights RdMorrisAL35116
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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 Morris at 6220 Castle Heights Rd, Morris, AL, 35116 offers $1,848/mo rent that, after a $1,248/mo payment, leaves $409/mo cash flow. Total monthly income is $1,848/mo, and annual cash flow is $4,905/yr on $84,533 cash. Return on cash invested measures 25.71% in year one, and rental yield stands at 8.7% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 133.26% and total cumulative return in cash reaches $112,652. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,848/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
23 Acres lot
$N/A/sqft
No HOA
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Listed by: Cynthia Scarbinsky • Redstone Family Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21367489
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