216 Lafayette St NEDecaturAL35601
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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 Decatur at 216 Lafayette St NE, Decatur, AL, 35601 listed at $479,900 pairs $1,398/mo rent with a $2,349/mo payment. Total monthly income runs $1,398/mo. Return on cash invested measures 10.02% in year one, and rental yield registers 3.5% at a $479,900 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,588 by year five. Five-year ROI tracks 49.13% and total cumulative return in cash totals $78,153. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,398/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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Listed by: Pat Smith • RE/MAX Platinum
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883347
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