842 W Canyon CtMontgomeryAL36110
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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 Montgomery at 842 W Canyon Ct, Montgomery, AL, 36110 offers $886/mo rent that, after a $563/mo payment, leaves $237/mo cash flow. Total monthly income is $886/mo, and annual cash flow is $2,841/yr on $38,123 cash. Return on cash invested measures 27.36% in year one, and rental yield stands at 9.25% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 142.11% and total cumulative return in cash reaches $54,177. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $886/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36110, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,225 (100%) |
| Owner Occupied HU | 2,236 (42.8%) |
| Renter Occupied HU | 2,133 (40.8%) |
| Vacant Housing Units | 856 (16.4%) |
| Median Home Value | $84,037 |
| Average Home Value | $182,234 |
Housing Distribution
Address Breakdown
Residential
4,871
Single Family
4,576
Multi-Family
295
Businesses
361
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Listed by: James Gregory • Jason Mitchell Real Estate Al.
Mls Name: MAAR
Mls ID: #580061