8620 Old Highway 31MorrisAL35116
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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 Morris at 8620 Old Highway 31, Morris, AL, 35116 uses $80,389 cash to close to unlock $9,387/yr annual cash flow and $782/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,187/mo payment keeps the spread at $782/mo. Purchase price stands at $242,500, and rental yield measures 11.06% with $2,236/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 165.24% and total cumulative return in cash records $132,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
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Listed by: Cindy Mars • RE/MAX Northern Properties
Mls Name: GALMLS
Mls Provider:
Mls ID: #21395478
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