6021 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
Rental property for sale in Sterrett at 6021 Forest Lakes Cv, Sterrett, AL, 35147 priced at $315,000 pairs $2,273/mo rent with $471/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,273/mo, and annual cash flow comes to $5,650/yr on $104,423 invested. Return on cash invested is 25.32% in year one, and rental yield stands at 8.66% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 131.24% and total cumulative return in cash reaches $137,045. For financing, Ziffy Mortgage’s DSCR program evaluates $2,273/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
10,018 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: Bryant Turner • ARC Realty 280
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417667
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.