224 6th Ave SELafayetteAL36862
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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 Lafayette at 224 6th Ave SE, Lafayette, AL, 36862 uses $54,664 cash to close to unlock $6,244/yr annual cash flow and $520/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $807/mo payment keeps the spread at $520/mo. Purchase price stands at $164,900, and rental yield measures 10.56% with $1,451/mo rent. Return on cash invested shows 31.33% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 163.44% and total cumulative return in cash records $89,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $807/mo payment rather than investor’s personal income.
Manufactured
Built in 2012
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
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Listed by: Terri Kelley • Real Brokerage LLC Terri Kelle
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E100068
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.