64 Nottingham WayElmoreAL36025
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 Elmore at 64 Nottingham Way, Elmore, AL, 36025 generates $1,742/mo in rent and, after a $1,307/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,742/mo, and annual cash flow is $2,667/yr on $88,511 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 7.83% on a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 118.38% and total cumulative return in cash sums $104,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,742/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
7,840 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36025, Elmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,668 (100%) |
| Owner Occupied HU | 1,180 (70.7%) |
| Renter Occupied HU | 400 (24.0%) |
| Vacant Housing Units | 88 ( 5.3%) |
| Median Home Value | $207,143 |
| Average Home Value | $202,483 |
Housing Distribution
Address Breakdown
Residential
1,575
Single Family
1,575
Multi-Family
0
Businesses
102
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Nearby investment properties with comparable prices
Listed by: Sarah Little • Pinnacle Group at KW Montg.
Mls Name: MAAR
Mls Provider:
Mls ID: #565903
Disclaimer: Information is deemed reliable, but not guaranteed. Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. Real estate listings held by brokerage firms other than Zillow, Inc are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.