5308 20th St SWLanettAL36863
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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 5308 20th St SW, Lanett, AL, 36863 offers a 9.1% rental yield on a $162,000 purchase with $1,229/mo rent. Total monthly income registers $1,229/mo, and a $793/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,774/yr on $53,703 to close, and return on cash invested stands at 26.94% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 139.87% and total cumulative return in cash at $75,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,229/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.34 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: #174504
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.