12830 Oak Forest DrLake ViewAL35111
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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 Lake View at 12830 Oak Forest Dr, Lake View, AL, 35111 uses $110,794 cash to close to unlock $2,879/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,636/mo payment keeps the spread at $240/mo. Purchase price stands at $334,220, and rental yield measures 7.67% with $2,137/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $92,339 over five years. Five-year ROI reaches 116.09% and total cumulative return in cash records $128,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,636/mo payment rather than investor’s personal income.
Single Family
Built in 2020
1 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35111, Mc Calla, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,079 (100%) |
| Owner Occupied HU | 6,659 (82.4%) |
| Renter Occupied HU | 881 (10.9%) |
| Vacant Housing Units | 539 ( 6.7%) |
| Median Home Value | $291,463 |
| Average Home Value | $316,877 |
Housing Distribution
Address Breakdown
Residential
7,145
Single Family
7,098
Multi-Family
47
Businesses
357
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Listed by: Peggy Lucas • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398130
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.