6220 Sunset DrMulgaAL35118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mulga at 6220 Sunset Dr, Mulga, AL, 35118 priced at $217,000 pairs $1,434/mo rent with $209/mo cash flow after a $1,062/mo payment. Total monthly income equals $1,434/mo, and annual cash flow comes to $2,511/yr on $71,936 invested. Return on cash invested is 23.4% in year one, and rental yield stands at 7.93% on a $217,000 basis. Equity gained on principal adds $1,400/yr, and 5% annual appreciation accumulates to $59,953 by year five. Five-year ROI measures 120.9% and total cumulative return in cash reaches $86,969. For financing, Ziffy Mortgage’s DSCR program evaluates $1,434/mo property income against a $1,062/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35118, Mulga, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,410 (100%) |
| Owner Occupied HU | 1,046 (74.2%) |
| Renter Occupied HU | 230 (16.3%) |
| Vacant Housing Units | 134 ( 9.5%) |
| Median Home Value | $198,759 |
| Average Home Value | $232,703 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Holcombe • Keller Williams Metro North
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416033
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.