308 W Lafayette StMarionAL36756
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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
Investment property for sale in Marion at 308 W Lafayette St, Marion, AL, 36756 offers a 9.49% rental yield on a $134,900 purchase with $1,067/mo rent. Total monthly income registers $1,067/mo, and a $660/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,670/yr on $44,719 to close, and return on cash invested stands at 28.12% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 146.12% and total cumulative return in cash at $65,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,067/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36756, Marion, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,338 (100%) |
| Owner Occupied HU | 1,406 (60.1%) |
| Renter Occupied HU | 579 (24.8%) |
| Vacant Housing Units | 353 (15.1%) |
| Median Home Value | $117,353 |
| Average Home Value | $197,253 |
Housing Distribution
Address Breakdown
Residential
2,235
Single Family
2,189
Multi-Family
46
Businesses
266
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