245 N Lake DrValley GrandeAL36703
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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 Valley Grande at 245 N Lake Dr, Valley Grande, AL, 36703 earns $658/mo cash flow from $2,046/mo rent with a $1,204/mo payment. Total monthly income totals $2,046/mo, and annual cash flow totals $7,891/yr on $81,516 capital. ROI tracks 29.59% on current figures, and rental yield reads 9.98% at a $245,900 purchase. Equity gained on principal adds $1,587/yr, and 5% annual appreciation supports $67,938 over five years. Five-year ROI reaches 154.06% and total cumulative return in cash sums $125,587. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,046/mo property income instead of your personal income.
Single Family
Built in 2007
3.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36703, Selma, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 2,477 (43.5%) |
| Renter Occupied HU | 2,332 (41.0%) |
| Vacant Housing Units | 883 (15.5%) |
| Median Home Value | $85,769 |
| Average Home Value | $123,568 |
Housing Distribution
Address Breakdown
Residential
4,773
Single Family
4,319
Multi-Family
454
Businesses
356
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Nearby investment properties with comparable prices
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