652 Charleston Mills DrMidland CityAL36350
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
Investment property for sale in Midland City at 652 Charleston Mills Dr, Midland City, AL, 36350 earns $1,074/mo cash flow from $4,009/mo rent with a $2,545/mo payment. Total monthly income totals $4,009/mo, and annual cash flow totals $12,888/yr on $171,077 capital. ROI tracks 27.59% on current figures, and rental yield reads 9.25% at a $519,990 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,664 over five years. Five-year ROI reaches 143.32% and total cumulative return in cash sums $245,192. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,009/mo property income instead of your personal income.
Single Family
Built in 2022
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Ashley Contin • Lan Darty Real Estate & Development
Mls Name: SAMLS
Mls ID: #206362