0 Corum LnLexingtonAL35648
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 Lexington at 0 Corum Ln, Lexington, AL, 35648 priced at $170,000 pairs $1,487/mo rent with $528/mo cash flow after a $832/mo payment. Total monthly income equals $1,487/mo, and annual cash flow comes to $6,330/yr on $56,355 invested. Return on cash invested is 31.14% in year one, and rental yield stands at 10.5% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 162.4% and total cumulative return in cash reaches $91,521. For financing, Ziffy Mortgage’s DSCR program evaluates $1,487/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in N/A
33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35648, Lexington, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,801 (100%) |
| Owner Occupied HU | 1,269 (70.5%) |
| Renter Occupied HU | 307 (17.0%) |
| Vacant Housing Units | 225 (12.5%) |
| Median Home Value | $195,281 |
| Average Home Value | $251,491 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
1,718
Multi-Family
0
Businesses
87
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Nearby investment properties with comparable prices
Listed by: Jeremy R Grigsby • Grigsby Properties
Mls Name: Strategic MLS Alliance
Mls ID: #514529
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.