6771 Richard LnEight MileAL36613
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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 Eight Mile at 6771 Richard Ln, Eight Mile, AL, 36613 uses $71,670 cash to close to unlock $6,190/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,736/mo, and a $1,058/mo payment keeps the spread at $516/mo. Purchase price stands at $216,200, and rental yield measures 9.64% with $1,736/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $59,732 over five years. Five-year ROI reaches 148.45% and total cumulative return in cash records $106,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,736/mo property income covering a $1,058/mo payment rather than investor’s personal income.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: N/A • N/A
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