8705 Ramsey DrTheodoreAL36582
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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 Theodore at 8705 Ramsey Dr, Theodore, AL, 36582 uses $48,731 cash to close to unlock $12,393/yr annual cash flow and $1,033/mo monthly cash flow. Total monthly income runs $1,862/mo, and a $719/mo payment keeps the spread at $1,033/mo. Purchase price stands at $147,000, and rental yield measures 15.2% with $1,862/mo rent. Return on cash invested shows 45.34% in year one, and 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 238.52% and total cumulative return in cash records $116,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,862/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36582, Theodore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,923 (100%) |
| Owner Occupied HU | 7,176 (65.7%) |
| Renter Occupied HU | 2,760 (25.3%) |
| Vacant Housing Units | 987 ( 9.0%) |
| Median Home Value | $209,041 |
| Average Home Value | $263,197 |
Housing Distribution
Address Breakdown
Residential
10,138
Single Family
9,381
Multi-Family
757
Businesses
692
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Listed by: Elaine Sessions • Roberts Brothers West
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #381811
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.