216 Lee Road 2109SalemAL36874
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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 Salem at 216 Lee Road 2109, Salem, AL, 36874 uses $96,102 cash to close to unlock $9,127/yr annual cash flow and $761/mo monthly cash flow. Total monthly income runs $2,455/mo, and a $1,419/mo payment keeps the spread at $761/mo. Purchase price stands at $289,900, and rental yield measures 10.16% with $2,455/mo rent. Return on cash invested shows 29.41% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 153.33% and total cumulative return in cash records $147,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,455/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36874, Salem, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 3,276 (75.6%) |
| Renter Occupied HU | 622 (14.4%) |
| Vacant Housing Units | 436 (10.1%) |
| Median Home Value | $262,345 |
| Average Home Value | $280,571 |
Housing Distribution
Address Breakdown
Residential
3,886
Single Family
3,886
Multi-Family
0
Businesses
68
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Listed by: Tiffany Kassa • COLDWELL BANKER - KPDD
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99965
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.