634 Forest Lakes DrSterrettAL35147
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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 634 Forest Lakes Dr, Sterrett, AL, 35147 priced at $295,000 pairs $1,860/mo rent with $195/mo cash flow after a $1,444/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $2,337/yr on $97,793 invested. Return on cash invested is 22.3% in year one, and rental yield stands at 7.57% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 114.93% and total cumulative return in cash reaches $112,394. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.36 Acres lot
$N/A/sqft
No 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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