600 County Road 355LeesburgAL35983
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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 Leesburg at 600 County Road 355, Leesburg, AL, 35983 generates $3,066/mo in rent and, after a $2,440/mo payment, leaves $252/mo in cash flow. Total monthly income is $3,066/mo, and annual cash flow is $3,025/yr on $165,253 invested. Return on cash invested sits at 21.74% in year one, and rental yield is 7.38% on a $498,500 entry. Equity gained on principal adds $3,217/yr, while 5% annual appreciation builds toward $137,726 over five years. Five-year ROI reaches 111.96% and total cumulative return in cash sums $185,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35983, Leesburg, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,164 (100%) |
| Owner Occupied HU | 1,245 (57.5%) |
| Renter Occupied HU | 261 (12.1%) |
| Vacant Housing Units | 658 (30.4%) |
| Median Home Value | $201,637 |
| Average Home Value | $228,241 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
106
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Listed by: Cathy Griffeth • LakeWeissAlabama.com
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21874440
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