3138 Lashley RdAlexander CityAL35010
Nearby investment properties with comparable rents
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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 Alexander City at 3138 Lashley Rd, Alexander City, AL, 35010 priced at $183,000 converts $1,564/mo rent into $531/mo cash flow after a $896/mo obligation. Total monthly income equals $1,564/mo, and annual cash flow totals $6,369/yr on $60,665 invested. Return on cash invested prints 30.41% in year one, and rental yield reads 10.26% against a $183,000 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation compiles into $50,560 by year five. Five-year ROI reaches 158.44% and total cumulative return in cash sums $96,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,564/mo property income covering a $896/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35010, Alexander City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 5,693 (52.2%) |
| Renter Occupied HU | 2,895 (26.5%) |
| Vacant Housing Units | 2,325 (21.3%) |
| Median Home Value | $146,379 |
| Average Home Value | $244,149 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
9,322
Multi-Family
534
Businesses
699
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Listed by: Bobby Tapley • RealtySouth Auburn-Lake Martin
Mls Name: LMMLS
Mls ID: #24-1267