320 Lakewood DrWedoweeAL36278
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Nearby investment properties with comparable prices
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 Wedowee at 320 Lakewood Dr, Wedowee, AL, 36278 priced at $274,500 pairs $1,954/mo rent with $404/mo cash flow after a $1,344/mo payment. Total monthly income equals $1,954/mo, and annual cash flow comes to $4,849/yr on $90,997 invested. Return on cash invested is 25.24% in year one, and rental yield stands at 8.54% on a $274,500 basis. Equity gained on principal adds $1,771/yr, and 5% annual appreciation accumulates to $75,839 by year five. Five-year ROI measures 130.74% and total cumulative return in cash reaches $118,966. For financing, Ziffy Mortgage’s DSCR program evaluates $1,954/mo property income against a $1,344/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
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