6704 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
Investment property for sale in Morris at 6704 Castle Heights Rd, Morris, AL, 35116 offers a 8.2% rental yield on a $309,900 purchase with $2,118/mo rent. Total monthly income registers $2,118/mo, and a $1,517/mo payment leaves $369/mo available for distribution. Annual cash flow reaches $4,423/yr on $102,732 to close, and return on cash invested stands at 24.21% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 125.22% and total cumulative return in cash at $128,640. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,118/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
5 Acres lot
$N/A/sqft
No HOA
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Listed by: JoJo Bates • Knox Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21428929
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