6986 Southern Trace LoopLeedsAL35094
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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 Leeds at 6986 Southern Trace Loop, Leeds, AL, 35094 offers a 7.97% rental yield on a $290,000 purchase with $1,926/mo rent. Total monthly income registers $1,926/mo, and a $1,419/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,474/yr on $96,135 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 121.51% and total cumulative return in cash at $116,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,926/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
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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