1937 Lee Road 288Smiths StationAL36877
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 Smiths Station at 1937 Lee Road 288, Smiths Station, AL, 36877 uses $140,523 cash to close to unlock $5,125/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $2,075/mo payment keeps the spread at $427/mo. Purchase price stands at $423,900, and rental yield measures 7.98% with $2,820/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $117,116 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash records $171,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $2,075/mo payment rather than investor’s personal income.
Single Family
Built in 2024
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36877, Smiths, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,741 (66.8%) |
| Renter Occupied HU | 1,540 (27.5%) |
| Vacant Housing Units | 322 ( 5.7%) |
| Median Home Value | $289,532 |
| Average Home Value | $326,925 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
5,052
Multi-Family
282
Businesses
243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Hallam • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E100837
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.