Old Millport RdReformAL35481
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
Rental property for sale in Reform at Old Millport Rd, Reform, AL, 35481 priced at $202,160 pairs $1,393/mo rent with $252/mo cash flow after a $989/mo payment. Total monthly income equals $1,393/mo, and annual cash flow comes to $3,029/yr on $67,016 invested. Return on cash invested is 24.43% in year one, and rental yield stands at 8.27% on a $202,160 basis. Equity gained on principal adds $1,305/yr, and 5% annual appreciation accumulates to $55,853 by year five. Five-year ROI measures 126.38% and total cumulative return in cash reaches $84,698. For financing, Ziffy Mortgage’s DSCR program evaluates $1,393/mo property income against a $989/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35481, Reform, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 1,016 (64.9%) |
| Renter Occupied HU | 365 (23.3%) |
| Vacant Housing Units | 185 (11.8%) |
| Median Home Value | $118,852 |
| Average Home Value | $166,078 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
99
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