1006 Sommerest DrAthensAL35611
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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 Athens at 1006 Sommerest Dr, Athens, AL, 35611 listed at $221,000 pairs $1,824/mo rent with a $1,082/mo payment to leave $576/mo cash flow. Total monthly income runs $1,824/mo, and annual cash flow reaches $6,915/yr on $73,262 cash to close. Return on cash invested measures 29.35% in year one, and rental yield registers 9.9% at a $221,000 basis. Equity gained on principal adds $1,426/yr, and annual property appreciation at 5% supports $61,058 by year five. Five-year ROI tracks 152.79% and total cumulative return in cash totals $111,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,824/mo property income relative to a $1,082/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35611, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,458 (100%) |
| Owner Occupied HU | 7,619 (56.6%) |
| Renter Occupied HU | 4,425 (32.9%) |
| Vacant Housing Units | 1,414 (10.5%) |
| Median Home Value | $269,539 |
| Average Home Value | $297,129 |
Housing Distribution
Address Breakdown
Residential
12,482
Single Family
11,320
Multi-Family
1,162
Businesses
991
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Listed by: Jonathan Owen • Legend Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21873175
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