Is Eight Mile, AL a good place to invest in rental property?

Eight Mile, AL has a median modeled monthly cash flow of $76 and a median cap rate of 6.7%, on a median sold price of $176,750. Prices changed -5.3% year over year.

What is the average cap rate in Eight Mile, AL?

The median cap rate across recently sold homes in Eight Mile, AL is 6.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Eight Mile, AL?

The median sold price in Eight Mile, AL is $176,750 (about $117 per square foot).

Investing in Eight Mile, AL Real Estate

#226 cash-flow market in the U.S.

A data-driven snapshot of the Eight Mile, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$176,750Median sold price

$117Median $/sqft

6.7%Median cap rate

$76Modeled cash flow / mo

-5.3%Appreciation YoY

6.7Months of supply

29Active listings

52Sold (last 12 mo)

What the Eight Mile numbers say

In Eight Mile, AL, the median home sold for $176,750 (about $117 per square foot), and the typical deal models out to a 6.7% cap rate with a median $76 of monthly cash flow. Sold prices moved -5.3% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Eight Mile cash-flowing listings

CashFlowRE ranks every for-sale home in Eight Mile, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Eight Mile deals, or browse the national market data.