796 S Old Six Mile RdSomervilleAL35670
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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 Somerville at 796 S Old Six Mile Rd, Somerville, AL, 35670 priced at $284,900 pairs $1,913/mo rent with $305/mo cash flow after a $1,394/mo payment. Total monthly income equals $1,913/mo, and annual cash flow comes to $3,664/yr on $94,444 invested. Return on cash invested is 23.79% in year one, and rental yield stands at 8.06% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 122.95% and total cumulative return in cash reaches $116,123. For financing, Ziffy Mortgage’s DSCR program evaluates $1,913/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35670, Somerville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,718 (75.5%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 349 ( 9.7%) |
| Median Home Value | $260,526 |
| Average Home Value | $262,934 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,357
Multi-Family
0
Businesses
141
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Listed by: Ashley Wisener • MeritHouse Realty
Mls Name: ValleyMLS
Mls ID: #21901163