691 Mathis StMillportAL35576
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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 Millport at 691 Mathis St, Millport, AL, 35576 uses $74,588 cash to close to unlock $13,011/yr annual cash flow and $1,084/mo monthly cash flow. Total monthly income runs $2,354/mo, and a $1,101/mo payment keeps the spread at $1,084/mo. Purchase price stands at $225,000, and rental yield measures 12.55% with $2,354/mo rent. Return on cash invested shows 37.35% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 195.71% and total cumulative return in cash records $145,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,354/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35576, Millport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,592 (100%) |
| Owner Occupied HU | 1,054 (66.2%) |
| Renter Occupied HU | 275 (17.3%) |
| Vacant Housing Units | 263 (16.5%) |
| Median Home Value | $151,773 |
| Average Home Value | $174,386 |
Housing Distribution
Address Breakdown
Residential
1,310
Single Family
1,310
Multi-Family
0
Businesses
59
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