267 Dry Creek Cove CirLaceys SpringAL35754
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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 267 Dry Creek Cove Cir, Laceys Spring, AL, 35754 generates $2,574/mo in rent and, after a $1,799/mo payment, leaves $499/mo in cash flow. Total monthly income is $2,574/mo, and annual cash flow is $5,992/yr on $121,826 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 8.4% on a $367,500 entry. Equity gained on principal adds $2,371/yr, while 5% annual appreciation builds toward $101,533 over five years. Five-year ROI reaches 128.52% and total cumulative return in cash sums $156,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,574/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
5.30 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: John Thomas • BHHS Rise Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21887050
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