115 Lamar StTroyAL36081
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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 Troy at 115 Lamar St, Troy, AL, 36081 offers a 7.53% rental yield on a $304,900 purchase with $1,912/mo rent. Total monthly income registers $1,912/mo, and a $1,492/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,296/yr on $101,074 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,967/yr while 5% annual appreciation supports $84,238 over five years. Portfolio math shows five-year ROI at 114.33% and total cumulative return in cash at $115,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,912/mo property income against a $1,492/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36081, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,894 (100%) |
| Owner Occupied HU | 3,190 (40.4%) |
| Renter Occupied HU | 3,586 (45.4%) |
| Vacant Housing Units | 1,118 (14.2%) |
| Median Home Value | $193,649 |
| Average Home Value | $253,155 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
6,618
Multi-Family
723
Businesses
844
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