120 Corum LnLexingtonAL35648
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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
Rental property for sale in Lexington at 120 Corum Ln, Lexington, AL, 35648 priced at $455,000 pairs $2,489/mo rent with after a $2,227/mo payment. Total monthly income equals $2,489/mo. Return on cash invested is 19.28% in year one, and rental yield stands at 6.56% on a $455,000 basis. Equity gained on principal adds $2,936/yr, and 5% annual appreciation accumulates to $125,708 by year five. Five-year ROI measures 98.74% and total cumulative return in cash reaches $148,936. For financing, Ziffy Mortgage’s DSCR program evaluates $2,489/mo property income against a $2,227/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35648, Lexington, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,801 (100%) |
| Owner Occupied HU | 1,269 (70.5%) |
| Renter Occupied HU | 307 (17.0%) |
| Vacant Housing Units | 225 (12.5%) |
| Median Home Value | $195,281 |
| Average Home Value | $251,491 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
1,718
Multi-Family
0
Businesses
87
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Listed by: Amanda Wilson • Brickdriven Realty
Mls Name: Strategic MLS Alliance
Mls ID: #524152
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.