8 Pilgrim StFort 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 Pilgrim St, Fort Mitchell, AL, 36856 offers a 10.05% rental yield on a $215,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,052/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,041/yr on $71,273 to close, and return on cash invested stands at 29.79% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 155.12% and total cumulative return in cash at $110,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.51 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: Hunter Ward • COLDWELL BANKER - KPDD
Mls Name: East Alabama BOR
Mls ID: #E102423