850 Myrick RdDeatsvilleAL36022
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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 Deatsville at 850 Myrick Rd, Deatsville, AL, 36022 priced at $249,900 converts $1,680/mo rent into $270/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $3,235/yr on $82,842 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 8.07% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 123.1% and total cumulative return in cash sums $101,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36022, Deatsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,878 (100%) |
| Owner Occupied HU | 4,758 (80.9%) |
| Renter Occupied HU | 773 (13.2%) |
| Vacant Housing Units | 347 ( 5.9%) |
| Median Home Value | $232,558 |
| Average Home Value | $248,431 |
Housing Distribution
Address Breakdown
Residential
5,667
Single Family
5,667
Multi-Family
0
Businesses
102
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Listed by: Wanda J. Jones • Southern Classic Realty
Mls Name: MAAR
Mls ID: #583323