307 1st Ave SELafayetteAL36862
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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 Lafayette at 307 1st Ave SE, Lafayette, AL, 36862 generates $1,919/mo in rent and, after a $690/mo payment, leaves $1,084/mo in cash flow. Total monthly income is $1,919/mo, and annual cash flow is $13,007/yr on $46,742 invested. Return on cash invested sits at 47.74% in year one, and rental yield is 16.33% on a $141,000 entry. Equity gained on principal adds $910/yr, while 5% annual appreciation builds toward $38,956 over five years. Five-year ROI reaches 251.73% and total cumulative return in cash sums $117,660. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,919/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
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Listed by: BRANDON ASHFORD • EXP REALTY - SOUTHERN BRANCH
Mls Name: LCMLS
Mls ID: #174433
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.