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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wedowee at 157 Primrose Ln, Wedowee, AL, 36278 priced at $1,074,000 converts $3,749/mo rent into after a $5,257/mo obligation. Total monthly income equals $3,749/mo. Return on cash invested prints 12.23% in year one, and rental yield reads 4.19% against a $1,074,000 entry. Equity gained on principal adds $6,930/yr, while 5% annual appreciation compiles into $296,726 by year five. Five-year ROI reaches 60.91% and total cumulative return in cash sums $211,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,749/mo property income covering a $5,257/mo payment, not borrower’s personal income.
Single Family
Built in 2012
0.59 Acres lot
$N/A/sqft
$550 annually HOA
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
Date | Event | Price |
|---|---|---|
| 2025-06-03 | Sold | $1,074,000 |
| 2025-05-02 | Pending sale | $1,250,000 |
| 2025-04-22 | Price change | $1,250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1397.12 | -0.91% | $43,660 | -0.91% |
| 2022-11-01 | $1409.92 | -3.29% | $44,060 | -3.29% |
| 2021-11-01 | $1457.92 | 4.50% | $45,560 | 4.50% |
No similar price properties found nearby.
What's Special
Other,Yes
Listed by: Terry Norton • Lake Homes Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21396622
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.
