15 Davidson DrLocust ForkAL35097
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
Investment Highlights
Investment property for sale in Locust Fork at 15 Davidson Dr, Locust Fork, AL, 35097 at $150,000 posts ROI 33.31% with $556/mo cash flow from $1,402/mo rent. Total monthly income equals $1,402/mo, and annual cash flow records $6,666/yr on $49,725 to close. Return on cash invested measures 33.31% and rental yield reads 11.22% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 174.06% and total cumulative return in cash totals $86,550.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,402/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1998
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35097, Locust Fork, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 550 (80.3%) |
| Renter Occupied HU | 91 (13.3%) |
| Vacant Housing Units | 44 ( 6.4%) |
| Median Home Value | $179,245 |
| Average Home Value | $196,936 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
676
Multi-Family
0
Businesses
57
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Nearby investment properties with comparable prices
Listed by: Melanie Cox • Grace Realty Group, LLC
Mls Name: GALMLS
Mls ID: #21427814