9551 Spice Pond RdEight MileAL36613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Eight Mile at 9551 Spice Pond Rd, Eight Mile, AL, 36613 offers a 13.25% rental yield on a $142,148 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $696/mo payment leaves $767/mo available for distribution. Annual cash flow reaches $9,209/yr on $47,122 to close, and return on cash invested stands at 39.45% in year one. Equity gained on principal adds $917/yr while 5% annual appreciation supports $39,273 over five years. Portfolio math shows five-year ROI at 207.01% and total cumulative return in cash at $97,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $696/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.91 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: Stacey Wasdin • Grand Nova Properties, LLC
Mls Name: GCMLS
Mls ID: #7650775