318 Forest Lakes DrSterrettAL35147
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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 Sterrett at 318 Forest Lakes Dr, Sterrett, AL, 35147 uses $83,836 cash to close to unlock $5,188/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,238/mo payment keeps the spread at $432/mo. Purchase price stands at $252,900, and rental yield measures 8.83% with $1,860/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $69,872 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash records $113,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,238/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35147, Sterrett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 2,001 (83.2%) |
| Renter Occupied HU | 279 (11.6%) |
| Vacant Housing Units | 124 ( 5.2%) |
| Median Home Value | $333,491 |
| Average Home Value | $387,453 |
Housing Distribution
Address Breakdown
Residential
2,291
Single Family
2,248
Multi-Family
43
Businesses
71
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