3602 Lake Oak Ridge DrEnterpriseAL36330
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
Investment property for sale in Enterprise at 3602 Lake Oak Ridge Dr, Enterprise, AL, 36330 offers a 9.19% rental yield on a $455,000 purchase with $3,484/mo rent. Total monthly income registers $3,484/mo, and a $2,227/mo payment leaves $916/mo available for distribution. Annual cash flow reaches $10,989/yr on $150,833 to close, and return on cash invested stands at 27.19% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 141.19% and total cumulative return in cash at $212,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,484/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36330, Enterprise, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,114 (100%) |
| Owner Occupied HU | 10,241 (56.5%) |
| Renter Occupied HU | 6,186 (34.2%) |
| Vacant Housing Units | 1,687 ( 9.3%) |
| Median Home Value | $209,432 |
| Average Home Value | $245,288 |
Housing Distribution
Address Breakdown
Residential
16,828
Single Family
15,489
Multi-Family
1,339
Businesses
999
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LINDA SIMMONS • TEAM LINDA SIMMONS REAL ESTATE
Mls Name: Wiregrass BOR
Mls ID: #553912