13042 Richard DrLake ViewAL35111
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 13042 Richard Dr, Lake View, AL, 35111 in Lake View is straightforward: $249,900 in, $2,050/mo in rent, $639/mo out after debt service. The 9.84% gross yield and 1.82 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $69,043 by year five. With $2,302/yr in principal equity, the total cumulative return is projected at $135,317.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.5% |
| Monthly Cash Flow | $639 | $300 |
City averages based on Lake View market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,050 |
| Total Monthly Debt Service | $1,311 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
0.44 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
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
Single Family
Built in 2005
0.44 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices