701 Lataste DrOxfordAL36203
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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 Oxford at 701 Lataste Dr, Oxford, AL, 36203 priced at $109,995 converts $865/mo rent into $245/mo cash flow after a $538/mo obligation. Total monthly income equals $865/mo, and annual cash flow totals $2,934/yr on $36,463 invested. Return on cash invested prints 27.96% in year one, and rental yield reads 9.44% against a $109,995 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,390 by year five. Five-year ROI reaches 145.36% and total cumulative return in cash sums $53,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $865/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36203, Oxford, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 5,430 (65.5%) |
| Renter Occupied HU | 2,146 (25.9%) |
| Vacant Housing Units | 709 ( 8.6%) |
| Median Home Value | $192,460 |
| Average Home Value | $243,739 |
Housing Distribution
Address Breakdown
Residential
8,023
Single Family
7,886
Multi-Family
137
Businesses
1,015
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Listed by: Steven Koleno • Beycome Brokerage Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402951
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.