7418 Mill Ridge CtMontgomeryAL36117
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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
Rental property for sale in Montgomery at 7418 Mill Ridge Ct, Montgomery, AL, 36117 priced at $227,000 pairs $2,131/mo rent with $757/mo cash flow after a $1,111/mo payment. Total monthly income equals $2,131/mo, and annual cash flow comes to $9,089/yr on $75,251 invested. Return on cash invested is 31.99% in year one, and rental yield stands at 11.27% on a $227,000 basis. Equity gained on principal adds $1,465/yr, and 5% annual appreciation accumulates to $62,716 by year five. Five-year ROI measures 167.47% and total cumulative return in cash reaches $126,025. For financing, Ziffy Mortgage’s DSCR program evaluates $2,131/mo property income against a $1,111/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36117, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,007 (100%) |
| Owner Occupied HU | 13,567 (56.5%) |
| Renter Occupied HU | 8,597 (35.8%) |
| Vacant Housing Units | 1,843 ( 7.7%) |
| Median Home Value | $250,387 |
| Average Home Value | $309,204 |
Housing Distribution
Address Breakdown
Residential
23,587
Single Family
18,506
Multi-Family
5,081
Businesses
2,380
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #563750