504 Lafayette Ave, Selma, AL, 36701 | 3.47% 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

Rental property for sale in Selma at 504 Lafayette Ave, Selma, AL, 36701 generates $925/mo in rent, after a $1,564/mo payment. Total monthly income is $925/mo. Return on cash invested sits at 9.95% in year one, and rental yield is 3.47% on a $319,500 entry. Equity gained on principal adds $2,062/yr, while 5% annual appreciation builds toward $88,272 over five years. Five-year ROI reaches 48.77% and total cumulative return in cash sums $51,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $925/mo property income rather than buyer’s personal income.

Single Family

Built in 2015

0.64 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36701, Selma, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,227 (100%)
Owner Occupied HU	5,463 (53.4%)
Renter Occupied HU	3,399 (33.2%)
Vacant Housing Units	1,365 (13.3%)
Median Home Value	$114,721
Average Home Value	$152,100