5903 Forest Lakes CvSterrettAL35147
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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 Sterrett at 5903 Forest Lakes Cv, Sterrett, AL, 35147 uses $107,738 cash to close to unlock $8,350/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,591/mo payment keeps the spread at $696/mo. Purchase price stands at $325,000, and rental yield measures 9.41% with $2,548/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 143.75% and total cumulative return in cash records $154,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
$180 annually 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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Listed by: George Huertas • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421166
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