510 N 5th StLanettAL36863
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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 Lanett at 510 N 5th St, Lanett, AL, 36863 priced at $135,000 pairs $1,061/mo rent with $299/mo cash flow after a $661/mo payment. Total monthly income equals $1,061/mo, and annual cash flow comes to $3,585/yr on $44,753 invested. Return on cash invested is 27.92% in year one, and rental yield stands at 9.43% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 145.12% and total cumulative return in cash reaches $64,945. For financing, Ziffy Mortgage’s DSCR program evaluates $1,061/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.40 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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Listed by: ANGELIA THOMAS • AT HOME PROFESSIONAL REAL ESTATE SERVICES LLC
Mls Name: LCMLS
Mls ID: #169687
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.