123 Lee Road 2183SalemAL36874
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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 Salem at 123 Lee Road 2183, Salem, AL, 36874 earns from $2,135/mo rent with a $1,992/mo payment. Total monthly income totals $2,135/mo. ROI tracks 18.47% on current figures, and rental yield reads 6.29% at a $407,000 purchase. Equity gained on principal adds $2,626/yr, and 5% annual appreciation supports $112,447 over five years. Five-year ROI reaches 94.39% and total cumulative return in cash sums $127,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,135/mo property income instead of your personal income.
Single Family
Built in 2014
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36874, Salem, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 3,276 (75.6%) |
| Renter Occupied HU | 622 (14.4%) |
| Vacant Housing Units | 436 (10.1%) |
| Median Home Value | $262,345 |
| Average Home Value | $280,571 |
Housing Distribution
Address Breakdown
Residential
3,886
Single Family
3,886
Multi-Family
0
Businesses
68
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