299 Black Oak DrSmiths StationAL36877
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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
Rental property for sale in Smiths Station at 299 Black Oak Dr, Smiths Station, AL, 36877 offers $2,820/mo rent that, after a $1,742/mo payment, leaves $811/mo cash flow. Total monthly income is $2,820/mo, and annual cash flow is $9,733/yr on $117,972 cash. Return on cash invested measures 28.16% in year one, and rental yield stands at 9.51% at a $355,873 entry. Equity gained on principal adds $2,296/yr while 5% annual appreciation compounds into $98,321 by year five. Five-year ROI records 146.41% and total cumulative return in cash reaches $172,726. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,820/mo property income versus a $1,742/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36877, Smiths, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,741 (66.8%) |
| Renter Occupied HU | 1,540 (27.5%) |
| Vacant Housing Units | 322 ( 5.7%) |
| Median Home Value | $289,532 |
| Average Home Value | $326,925 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
5,052
Multi-Family
282
Businesses
243
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Listed by: ROSE ANNE ERICKSON • BICKERSTAFF PARHAM REAL ESTATE
Mls Name: LCMLS
Mls ID: #177377