360 Summit Lakes DrAthensAL35613
Nearby investment properties with comparable rents
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 Athens at 360 Summit Lakes Dr, Athens, AL, 35613 priced at $331,900 converts $2,592/mo rent into $719/mo cash flow after a $1,624/mo obligation. Total monthly income equals $2,592/mo, and annual cash flow totals $8,629/yr on $110,025 invested. Return on cash invested prints 27.75% in year one, and rental yield reads 9.37% against a $331,900 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation compiles into $91,698 by year five. Five-year ROI reaches 144.22% and total cumulative return in cash sums $158,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,592/mo property income covering a $1,624/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35613, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,937 (100%) |
| Owner Occupied HU | 9,026 (82.5%) |
| Renter Occupied HU | 1,520 (13.9%) |
| Vacant Housing Units | 391 ( 3.6%) |
| Median Home Value | $336,500 |
| Average Home Value | $377,614 |
Housing Distribution
Address Breakdown
Residential
11,392
Single Family
11,274
Multi-Family
118
Businesses
298
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Nearby investment properties with comparable prices
Listed by: Katie Williams • Capstone Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885225
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