155 Lee Road 634SalemAL36874
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 Salem at 155 Lee Road 634, Salem, AL, 36874 offers a 9.65% rental yield on a $117,997 purchase with $949/mo rent. Total monthly income registers $949/mo, and a $578/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,390/yr on $39,116 to close, and return on cash invested stands at 28.58% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,600 over five years. Portfolio math shows five-year ROI at 148.67% and total cumulative return in cash at $58,154. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $949/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Verronica Smith • Lokation Real Estate
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99815
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.