6863 Southern Trace LoopLeedsAL35094
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 Leeds at 6863 Southern Trace Loop, Leeds, AL, 35094 priced at $307,900 pairs $2,364/mo rent with $626/mo cash flow after a $1,507/mo payment. Total monthly income equals $2,364/mo, and annual cash flow comes to $7,513/yr on $102,069 invested. Return on cash invested is 27.27% in year one, and rental yield stands at 9.21% on a $307,900 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,067 by year five. Five-year ROI measures 141.64% and total cumulative return in cash reaches $144,572. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $1,507/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35094, Leeds, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,693 (100%) |
| Owner Occupied HU | 4,525 (67.6%) |
| Renter Occupied HU | 1,660 (24.8%) |
| Vacant Housing Units | 508 ( 7.6%) |
| Median Home Value | $244,824 |
| Average Home Value | $296,299 |
Housing Distribution
Address Breakdown
Residential
6,789
Single Family
6,716
Multi-Family
73
Businesses
617
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Listed by: Rena Cottrell • EXIT Homestyle Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21390530
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.