229 Willow DrLincolnAL35096
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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
Rental property for sale in Lincoln at 229 Willow Dr, Lincoln, AL, 35096 priced at $1,125,000 converts $2,004/mo rent into after a $5,506/mo obligation. Total monthly income equals $2,004/mo. Return on cash invested prints 5.9% in year one, and rental yield reads 2.14% against a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation compiles into $310,817 by year five. Five-year ROI reaches 26.95% and total cumulative return in cash sums $98,228. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $5,506/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35096, Lincoln, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,362 (100%) |
| Owner Occupied HU | 2,979 (68.3%) |
| Renter Occupied HU | 695 (15.9%) |
| Vacant Housing Units | 688 (15.8%) |
| Median Home Value | $214,336 |
| Average Home Value | $316,954 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,801
Multi-Family
0
Businesses
262
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Listed by: Tracy Sargent • ERA King Real Estate Pell City
Mls Name: GALMLS
Mls Provider:
Mls ID: #21401706
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.