8 Eagle Ridge LnFort MitchellAL36856
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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 Fort Mitchell at 8 Eagle Ridge Ln, Fort Mitchell, AL, 36856 with 5% annual appreciation on a $272,500 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,334/mo payment preserves $562/mo for cash returns. Annual cash flow comes to $6,740/yr on $90,334 deployed, and return on cash invested reaches 27.37% in year one. Equity gained on principal adds $1,758/yr, and five-year appreciation sums $75,287 alongside rental yield of 9.25%. Five-year ROI measures 142.16% and total cumulative return in cash totals $128,418.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,334/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
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Listed by: Adam Sanders • Hughston Homes Marketing
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E100879
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.