1016 County Road 211LanettAL36863
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 Lanett at 1016 County Road 211, Lanett, AL, 36863 uses $60,665 cash to close to unlock $8,469/yr annual cash flow and $706/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $896/mo payment keeps the spread at $706/mo. Purchase price stands at $183,000, and rental yield measures 11.4% with $1,739/mo rent. Return on cash invested shows 33.87% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 177.02% and total cumulative return in cash records $107,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $896/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRANDON ASHFORD • EXP REALTY - SOUTHERN BRANCH
Mls Name: LCMLS
Mls ID: #174903
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.