132 Lee Road 2126SalemAL36874
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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 132 Lee Road 2126, Salem, AL, 36874 uses $72,897 cash to close to unlock $3,409/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,525/mo, and a $1,076/mo payment keeps the spread at $284/mo. Purchase price stands at $219,900, and rental yield measures 8.32% with $1,525/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 127.27% and total cumulative return in cash records $92,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,525/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.40 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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