266 Lakewood DrRainbow CityAL35906
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
Investment property for sale in Rainbow City at 266 Lakewood Dr, Rainbow City, AL, 35906 listed at $289,900 pairs $2,592/mo rent with a $1,419/mo payment to leave $956/mo cash flow. Total monthly income runs $2,592/mo, and annual cash flow reaches $11,467/yr on $96,102 cash to close. Return on cash invested measures 31.84% in year one, and rental yield registers 10.73% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 166.13% and total cumulative return in cash totals $159,657. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,592/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Lee • River Towne Real Estate Group
Mls Name: ValleyMLS
Mls ID: #21897278