61 Starboard TackDouble SpringsAL35553
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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 Double Springs at 61 Starboard Tack, Double Springs, AL, 35553 offers $1,238/mo rent that, after a $5,692/mo payment. Total monthly income is $1,238/mo. Return on cash invested measures 3.41% in year one, and rental yield stands at 1.28% at a $1,163,000 entry. Equity gained on principal adds $7,505/yr while 5% annual appreciation compounds into $321,315 by year five. Five-year ROI records 13.52% and total cumulative return in cash reaches $50,963. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,238/mo property income versus a $5,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35553, Double Springs, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 1,438 (59.8%) |
| Renter Occupied HU | 370 (15.4%) |
| Vacant Housing Units | 596 (24.8%) |
| Median Home Value | $92,361 |
| Average Home Value | $160,070 |
Housing Distribution
Address Breakdown
Residential
1,937
Single Family
1,937
Multi-Family
0
Businesses
162
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Listed by: Bobby Tapley • RealtySouth Auburn-Lake Martin
Mls Name: LMMLS
Mls ID: #25-2364