254 Lee Road 742 #188SalemAL36874
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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 254 Lee Road 742 #188, Salem, AL, 36874 listed at $238,900 pairs $1,800/mo rent with a $1,169/mo payment to leave $452/mo cash flow. Total monthly income runs $1,800/mo, and annual cash flow reaches $5,422/yr on $79,195 cash to close. Return on cash invested measures 26.76% in year one, and rental yield registers 9.04% at a $238,900 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,004 by year five. Five-year ROI tracks 138.85% and total cumulative return in cash totals $109,961. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $1,169/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1996
5 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: CLIFF GLANSEN • FLATFEE.COM
Mls Name: LCMLS
Mls ID: #175107
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.