8621 Chutney DrEight MileAL36613
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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 Eight Mile at 8621 Chutney Dr, Eight Mile, AL, 36613 generates $899/mo in rent and, after a $562/mo payment, leaves $251/mo in cash flow. Total monthly income is $899/mo, and annual cash flow is $3,010/yr on $38,089 invested. Return on cash invested sits at 27.81% in year one, and rental yield is 9.39% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 144.52% and total cumulative return in cash sums $55,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $899/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: Alisha Jones • Rezults Real Estate Services LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7550358
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.