29542 State Highway 79Locust ForkAL35097
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 Locust Fork at 29542 State Highway 79, Locust Fork, AL, 35097 offers a 8.24% rental yield on a $299,000 purchase with $2,053/mo rent. Total monthly income registers $2,053/mo, and a $1,463/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,389/yr on $99,119 to close, and return on cash invested stands at 24.34% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 125.87% and total cumulative return in cash at $124,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,053/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35097, Locust Fork, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 550 (80.3%) |
| Renter Occupied HU | 91 (13.3%) |
| Vacant Housing Units | 44 ( 6.4%) |
| Median Home Value | $179,245 |
| Average Home Value | $196,936 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
676
Multi-Family
0
Businesses
57
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Listed by: Lauren Laski • Keller Williams-Jasper
Mls Name: Walker County Area MLS
Mls ID: #25-2070