1754 Spanish Cove Dr SLillianAL36549
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 Lillian at 1754 Spanish Cove Dr S, Lillian, AL, 36549 listed at $230,000 pairs $1,585/mo rent with a $1,126/mo payment to leave $214/mo cash flow. Total monthly income runs $1,585/mo, and annual cash flow reaches $2,570/yr on $76,245 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 8.27% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 120.66% and total cumulative return in cash totals $91,999. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,585/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1989
0.26 Acres lot
$N/A/sqft
$217 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36549, Lillian, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,601 (72.1%) |
| Renter Occupied HU | 293 ( 8.1%) |
| Vacant Housing Units | 715 (19.8%) |
| Median Home Value | $260,289 |
| Average Home Value | $291,528 |
Housing Distribution
Address Breakdown
Residential
3,327
Single Family
3,327
Multi-Family
0
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Young • Bellator Real Estate LLC Gulf
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #377684
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.