317 Martin Luther Crossing DrLanettAL36863
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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 Lanett at 317 Martin Luther Crossing Dr, Lanett, AL, 36863 priced at $215,000 pairs $1,444/mo rent with $231/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,444/mo, and annual cash flow comes to $2,769/yr on $71,273 invested. Return on cash invested is 23.79% in year one, and rental yield stands at 8.06% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 122.98% and total cumulative return in cash reaches $87,649. For financing, Ziffy Mortgage’s DSCR program evaluates $1,444/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
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Listed by: LORI TERRY • LORI TERRY HOME TOWN REALTY LLC
Mls Name: LCMLS
Mls ID: #174191
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.