38 Red Oak LnDouble SpringsAL35553
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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 Double Springs at 38 Red Oak Ln, Double Springs, AL, 35553 priced at $1,122,700 converts $3,732/mo rent into after a $5,495/mo obligation. Total monthly income equals $3,732/mo. Return on cash invested prints 11.78% in year one, and rental yield reads 3.99% against a $1,122,700 entry. Equity gained on principal adds $7,245/yr, while 5% annual appreciation compiles into $310,181 by year five. Five-year ROI reaches 58.4% and total cumulative return in cash sums $212,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,732/mo property income covering a $5,495/mo payment, not borrower’s personal income.
Single Family
Built in 2005
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35553, Double Springs, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 1,438 (59.8%) |
| Renter Occupied HU | 370 (15.4%) |
| Vacant Housing Units | 596 (24.8%) |
| Median Home Value | $92,361 |
| Average Home Value | $160,070 |
Housing Distribution
Address Breakdown
Residential
1,937
Single Family
1,937
Multi-Family
0
Businesses
162
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Listed by: N/A • N/A
Mls Name: RealtySouth
Mls Provider:
Mls ID: #21377385