149 Lake Ridge DrJacksons GapAL36861
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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 Jacksons Gap at 149 Lake Ridge Dr, Jacksons Gap, AL, 36861 generates $1,694/mo in rent, after a $2,932/mo payment. Total monthly income is $1,694/mo. Return on cash invested sits at 9.79% in year one, and rental yield is 3.39% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 47.8% and total cumulative return in cash sums $94,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,694/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36861, Jacksons Gap, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,355 (100%) |
| Owner Occupied HU | 1,365 (58.0%) |
| Renter Occupied HU | 242 (10.3%) |
| Vacant Housing Units | 748 (31.8%) |
| Median Home Value | $302,632 |
| Average Home Value | $400,185 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,914
Multi-Family
0
Businesses
49
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Listed by: John Christenberry • Lake Martin Voice Realty
Mls Name: LMMLS
Mls ID: #25-1496