358 Tessie DrJacksons GapAL36861
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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 Jacksons Gap at 358 Tessie Dr, Jacksons Gap, AL, 36861 offers $1,140/mo rent that, after a $2,937/mo payment. Total monthly income is $1,140/mo. Return on cash invested measures 6.4% in year one, and rental yield stands at 2.28% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 29.64% and total cumulative return in cash reaches $58,512. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36861, Jacksons Gap, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,355 (100%) |
| Owner Occupied HU | 1,365 (58.0%) |
| Renter Occupied HU | 242 (10.3%) |
| Vacant Housing Units | 748 (31.8%) |
| Median Home Value | $302,632 |
| Average Home Value | $400,185 |
Housing Distribution
Address Breakdown
Residential
1,914
Single Family
1,914
Multi-Family
0
Businesses
49
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Listed by: Tabitha Dumas Boulware • Roots at the Lake
Mls Name: LMMLS
Mls Provider:
Mls ID: #25-290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.