811 Buford StElbaAL36323
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
Rental property for sale in Elba at 811 Buford St, Elba, AL, 36323 offers $2,240/mo rent that, after a $689/mo payment, leaves $1,445/mo cash flow. Total monthly income is $2,240/mo, and annual cash flow is $17,346/yr on $46,642 cash. Return on cash invested measures 57.1% in year one, and rental yield stands at 19.1% at a $140,700 entry. Equity gained on principal adds $908/yr while 5% annual appreciation compounds into $38,873 by year five. Five-year ROI records 301.61% and total cumulative return in cash reaches $140,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,240/mo property income versus a $689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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