588 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
Rental property for sale in Sterrett at 588 Forest Lakes Dr, Sterrett, AL, 35147 generates $3,216/mo in rent and, after a $1,933/mo payment, leaves $987/mo in cash flow. Total monthly income is $3,216/mo, and annual cash flow is $11,841/yr on $130,943 invested. Return on cash invested sits at 28.95% in year one, and rental yield is 9.77% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 150.62% and total cumulative return in cash sums $197,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,216/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.42 Acres lot
$N/A/sqft
No 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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