817 Wiggins RdEvergreenAL36401
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 Evergreen at 817 Wiggins Rd, Evergreen, AL, 36401 priced at $299,000 converts $1,183/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,183/mo. Return on cash invested prints 13.8% in year one, and rental yield reads 4.75% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 69.39% and total cumulative return in cash sums $68,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,183/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in N/A
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices