1843 County Road 59LexingtonAL35648
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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
Investment property for sale in Lexington at 1843 County Road 59, Lexington, AL, 35648 uses $56,322 cash to close to unlock $4,747/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $832/mo payment keeps the spread at $396/mo. Purchase price stands at $169,900, and rental yield measures 9.57% with $1,355/mo rent. Return on cash invested shows 28.34% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 147.36% and total cumulative return in cash records $82,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35648, Lexington, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,801 (100%) |
| Owner Occupied HU | 1,269 (70.5%) |
| Renter Occupied HU | 307 (17.0%) |
| Vacant Housing Units | 225 (12.5%) |
| Median Home Value | $195,281 |
| Average Home Value | $251,491 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
1,718
Multi-Family
0
Businesses
87
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