624 Lee Road 246SalemAL36874
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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 Salem at 624 Lee Road 246, Salem, AL, 36874 earns $414/mo cash flow from $1,289/mo rent with a $759/mo payment. Total monthly income totals $1,289/mo, and annual cash flow totals $4,965/yr on $51,383 capital. ROI tracks 29.57% on current figures, and rental yield reads 9.98% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 153.96% and total cumulative return in cash sums $79,108. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,289/mo property income instead of your personal income.
Manufactured
Built in 1999
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36874, Salem, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 3,276 (75.6%) |
| Renter Occupied HU | 622 (14.4%) |
| Vacant Housing Units | 436 (10.1%) |
| Median Home Value | $262,345 |
| Average Home Value | $280,571 |
Housing Distribution
Address Breakdown
Residential
3,886
Single Family
3,886
Multi-Family
0
Businesses
68
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Listed by: Monica Smith • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99333
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.