627 Summit Lakes DrAthensAL35613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Athens at 627 Summit Lakes Dr, Athens, AL, 35613 priced at $325,000 converts $2,029/mo rent into $194/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,029/mo, and annual cash flow totals $2,331/yr on $107,738 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 7.49% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 113.77% and total cumulative return in cash sums $122,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,029/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35613, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,937 (100%) |
| Owner Occupied HU | 9,026 (82.5%) |
| Renter Occupied HU | 1,520 (13.9%) |
| Vacant Housing Units | 391 ( 3.6%) |
| Median Home Value | $336,500 |
| Average Home Value | $377,614 |
Housing Distribution
Address Breakdown
Residential
11,392
Single Family
11,274
Multi-Family
118
Businesses
298
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