1115 County Road 249LeesburgAL35983
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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 Leesburg at 1115 County Road 249, Leesburg, AL, 35983 offers a 9.03% rental yield on a $142,500 purchase with $1,072/mo rent. Total monthly income registers $1,072/mo, and a $697/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,217/yr on $47,239 to close, and return on cash invested stands at 26.72% in year one. Equity gained on principal adds $920/yr while 5% annual appreciation supports $39,370 over five years. Portfolio math shows five-year ROI at 138.76% and total cumulative return in cash at $65,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,072/mo property income against a $697/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35983, Leesburg, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,164 (100%) |
| Owner Occupied HU | 1,245 (57.5%) |
| Renter Occupied HU | 261 (12.1%) |
| Vacant Housing Units | 658 (30.4%) |
| Median Home Value | $201,637 |
| Average Home Value | $228,241 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
106
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Listed by: Cathy Griffeth • LakeWeissAlabama.com
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21878328
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