3560 Old Meriwether TrlLapineAL36046
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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
Investment property for sale in Lapine at 3560 Old Meriwether Trl, Lapine, AL, 36046 earns from $2,220/mo rent with a $2,296/mo payment. Total monthly income totals $2,220/mo. ROI tracks 16.61% on current figures, and rental yield reads 5.68% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 84.44% and total cumulative return in cash sums $131,287. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,220/mo property income instead of your personal income.
Single Family
Built in 2021
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36046, Lapine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 501 (72.5%) |
| Renter Occupied HU | 101 (14.6%) |
| Vacant Housing Units | 89 (12.9%) |
| Median Home Value | $161,968 |
| Average Home Value | $172,246 |
Housing Distribution
Address Breakdown
Residential
664
Single Family
664
Multi-Family
0
Businesses
22
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Listed by: Sandra Philhower • OAKMONT REALTY
Mls Name: MAAR
Mls Provider:
Mls ID: #565633
Disclaimer: Information is deemed reliable, but not guaranteed. Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. Real estate listings held by brokerage firms other than Zillow, Inc are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.