7669 Turner LnMulgaAL35118
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 Mulga at 7669 Turner Ln, Mulga, AL, 35118 offers a 9.58% rental yield on a $179,700 purchase with $1,434/mo rent. Total monthly income registers $1,434/mo, and a $880/mo payment leaves $419/mo available for distribution. Annual cash flow reaches $5,031/yr on $59,571 to close, and return on cash invested stands at 28.35% in year one. Equity gained on principal adds $1,160/yr while 5% annual appreciation supports $49,648 over five years. Portfolio math shows five-year ROI at 147.49% and total cumulative return in cash at $87,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,434/mo property income against a $880/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35118, Mulga, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,410 (100%) |
| Owner Occupied HU | 1,046 (74.2%) |
| Renter Occupied HU | 230 (16.3%) |
| Vacant Housing Units | 134 ( 9.5%) |
| Median Home Value | $198,759 |
| Average Home Value | $232,703 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
63
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