486 Forest Lakes DrSterrettAL35147
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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 Sterrett at 486 Forest Lakes Dr, Sterrett, AL, 35147 listed at $324,900 pairs $2,408/mo rent with a $1,590/mo payment to leave $556/mo cash flow. Total monthly income runs $2,408/mo, and annual cash flow reaches $6,672/yr on $107,704 cash to close. Return on cash invested measures 26.1% in year one, and rental yield registers 8.89% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 135.41% and total cumulative return in cash totals $145,841. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,408/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
$220 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35147, Sterrett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 2,001 (83.2%) |
| Renter Occupied HU | 279 (11.6%) |
| Vacant Housing Units | 124 ( 5.2%) |
| Median Home Value | $333,491 |
| Average Home Value | $387,453 |
Housing Distribution
Address Breakdown
Residential
2,291
Single Family
2,248
Multi-Family
43
Businesses
71
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Listed by: Kiersten Howard • RE/MAX Advantage South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420985
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.