402 S 8th AveLanettAL36863
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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
Investment property for sale in Lanett at 402 S 8th Ave, Lanett, AL, 36863 uses $77,903 cash to close to unlock $3,393/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $1,150/mo payment keeps the spread at $283/mo. Purchase price stands at $235,000, and rental yield measures 8.22% with $1,609/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 125.49% and total cumulative return in cash records $97,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
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