236 NE Morris RdLaceys SpringAL35754
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
Rental property for sale in Laceys Spring at 236 NE Morris Rd, Laceys Spring, AL, 35754 priced at $355,000 converts $2,400/mo rent into $396/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $4,749/yr on $117,683 invested. Return on cash invested prints 23.94% in year one, and rental yield reads 8.11% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 123.77% and total cumulative return in cash sums $145,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1994
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35754, Laceys Spring, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,371 (100%) |
| Owner Occupied HU | 1,681 (70.9%) |
| Renter Occupied HU | 444 (18.7%) |
| Vacant Housing Units | 246 (10.4%) |
| Median Home Value | $326,247 |
| Average Home Value | $328,328 |
Housing Distribution
Address Breakdown
Residential
2,221
Single Family
2,221
Multi-Family
0
Businesses
127
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Listed by: Jason Roberts • Leading Edge R.E. Group-Mad.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21895455
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