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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lafayette at 583 Crestview Dr, Lafayette, AL, 36862 offers a 8.8% rental yield on a $239,900 purchase with $1,760/mo rent. Total monthly income registers $1,760/mo, and a $1,174/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,873/yr on $79,527 to close, and return on cash invested stands at 26.04% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 135.04% and total cumulative return in cash at $107,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,760/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
| 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 |
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $239,900 |
| 2025-03-03 | Sold | $88,000 |
| 2024-02-12 | Sold | $88,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $436.46 | 7.82% | $11,240 | 7.05% |
| 2022-04-03 | $404.80 | 21.29% | $10,500 | 18.78% |
| 2021-04-03 | $333.74 | N/A | $8,840 | N/A |
Listed by: CHRIS OLEN • CRAWFORD WILLIS GROUP
Mls Name: LCMLS
Mls ID: #173999
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.
