953 Wren WayMount OliveAL35117
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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 Mount Olive at 953 Wren Way, Mount Olive, AL, 35117 uses $92,820 cash to close to unlock $5,773/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $2,083/mo, and a $1,370/mo payment keeps the spread at $481/mo. Purchase price stands at $280,000, and rental yield measures 8.93% with $2,083/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 135.61% and total cumulative return in cash records $125,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,083/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35117, Mount Olive, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 2,258 (84.1%) |
| Renter Occupied HU | 289 (10.8%) |
| Vacant Housing Units | 139 ( 5.2%) |
| Median Home Value | $290,234 |
| Average Home Value | $310,559 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
55
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Listed by: Cody Cato • Impact Realty Advisors
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407048
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.