3115 Lexington RdMontgomeryAL36106
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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 Montgomery at 3115 Lexington Rd, Montgomery, AL, 36106 uses $74,919 cash to close to unlock $6,570/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $1,106/mo payment keeps the spread at $548/mo. Purchase price stands at $226,000, and rental yield measures 9.68% with $1,823/mo rent. Return on cash invested shows 28.68% in year one, and 5% annual appreciation builds toward $62,440 over five years. Five-year ROI reaches 149.18% and total cumulative return in cash records $111,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $1,106/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36106, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,180 (100%) |
| Owner Occupied HU | 3,692 (51.4%) |
| Renter Occupied HU | 2,809 (39.1%) |
| Vacant Housing Units | 679 ( 9.5%) |
| Median Home Value | $240,108 |
| Average Home Value | $287,861 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
6,712
Multi-Family
18
Businesses
954
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Listed by: Carol Andrews • First Call Realty of Montg
Mls Name: MAAR
Mls ID: #582619