741 Lakeview Rdg APT 308DadevilleAL36853
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 741 Lakeview Rdg APT 308, Dadeville, AL, 36853 in Dadeville speaks for itself: 10.98% gross on a $279,900 price, generating $2,562/mo in rent and $982/mo in net income after the $1,259/mo debt service. DSCR 2.03, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,785 stacks alongside $77,331 in projected five-year appreciation and $2,578/yr in principal reduction. Projected total cumulative return: $168,700.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 8.0% |
| Monthly Cash Flow | $982 | $1,200 |
City averages based on Dadeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,562 |
| Total Monthly Debt Service | $1,469 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36853, Dadeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,361 (100%) |
| Owner Occupied HU | 3,057 (48.1%) |
| Renter Occupied HU | 809 (12.7%) |
| Vacant Housing Units | 2,495 (39.2%) |
| Median Home Value | $285,381 |
| Average Home Value | $381,098 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,526
Multi-Family
44
Businesses
407
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
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36853, Dadeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,361 (100%) |
| Owner Occupied HU | 3,057 (48.1%) |
| Renter Occupied HU | 809 (12.7%) |
| Vacant Housing Units | 2,495 (39.2%) |
| Median Home Value | $285,381 |
| Average Home Value | $381,098 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,526
Multi-Family
44
Businesses
407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices