423 S Lafayette St, Lafayette, AL, 36862 | 6.4% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lafayette at 423 S Lafayette St, Lafayette, AL, 36862 offers a 6.4% rental yield on a $359,900 purchase with $1,919/mo rent. 77% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 96.08% and total cumulative return in cash at $114,626. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,919/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

2.83 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,750 (100%)
Owner Occupied HU	1,680 (61.1%)
Renter Occupied HU	656 (23.9%)
Vacant Housing Units	414 (15.1%)
Median Home Value	$162,011
Average Home Value	$224,719