256 W Lake CirMadisonAL35758
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 Madison at 256 W Lake Cir, Madison, AL, 35758 priced at $350,000 converts $2,401/mo rent into $407/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,401/mo, and annual cash flow totals $4,886/yr on $116,025 invested. Return on cash invested prints 24.12% in year one, and rental yield reads 8.23% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 124.81% and total cumulative return in cash sums $144,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,401/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35758, Madison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,150 (100%) |
| Owner Occupied HU | 12,787 (55.2%) |
| Renter Occupied HU | 8,346 (36.1%) |
| Vacant Housing Units | 2,017 ( 8.7%) |
| Median Home Value | $405,138 |
| Average Home Value | $448,947 |
Housing Distribution
Address Breakdown
Residential
21,495
Single Family
16,455
Multi-Family
5,040
Businesses
2,188
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Nearby investment properties with comparable prices
Listed by: Austin Chandler • eXp Realty LLC Northern
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883268
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