150 Lake Pointe DrScottsboroAL35769
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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 Scottsboro at 150 Lake Pointe Dr, Scottsboro, AL, 35769 priced at $280,000 converts $1,320/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,320/mo. Return on cash invested prints 16.55% in year one, and rental yield reads 5.66% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 84.09% and total cumulative return in cash sums $78,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35769, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,570 (100%) |
| Owner Occupied HU | 3,506 (62.9%) |
| Renter Occupied HU | 1,334 (23.9%) |
| Vacant Housing Units | 730 (13.1%) |
| Median Home Value | $217,774 |
| Average Home Value | $315,491 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
4,456
Multi-Family
878
Businesses
222
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Listed by: Casey Cole • Weichert Realtors-The Sp Plce
Mls Name: ValleyMLS
Mls ID: #21897799