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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lafayette at 117 N Lafayette St, Lafayette, AL, 36862 offers a 7.09% rental yield on a $325,000 purchase with $1,919/mo rent. Total monthly income registers $1,919/mo, and a $1,591/mo payment leaves $84/mo available for distribution. Annual cash flow reaches $1,011/yr on $107,738 to close, and return on cash invested stands at 20.85% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 107.19% and total cumulative return in cash at $115,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,919/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
Date | Event | Price |
|---|---|---|
| 2025-01-16 | Listed for sale | $325,000 |
| 2016-07-08 | Sold | $10,000 |
| 2016-06-08 | Price change | $13,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $725.69 | 4.99% | $14,720 | 4.99% |
| 2022-01-29 | $691.18 | 16.45% | $14,020 | 16.45% |
| 2021-01-29 | $593.56 | N/A | $12,040 | N/A |
Listed by: JUSTIN RIVERS • THE PRIME REAL ESTATE GROUP
Mls Name: LCMLS
Mls ID: #172873
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.
