761 Lee Road 344SalemAL36874
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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 Salem at 761 Lee Road 344, Salem, AL, 36874 offers a 9.21% rental yield on a $357,800 purchase with $2,746/mo rent. Total monthly income registers $2,746/mo, and a $1,751/mo payment leaves $727/mo available for distribution. Annual cash flow reaches $8,720/yr on $118,611 to close, and return on cash invested stands at 27.26% in year one. Equity gained on principal adds $2,309/yr while 5% annual appreciation supports $98,854 over five years. Portfolio math shows five-year ROI at 141.56% and total cumulative return in cash at $167,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,746/mo property income against a $1,751/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36874, Salem, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 3,276 (75.6%) |
| Renter Occupied HU | 622 (14.4%) |
| Vacant Housing Units | 436 (10.1%) |
| Median Home Value | $262,345 |
| Average Home Value | $280,571 |
Housing Distribution
Address Breakdown
Residential
3,886
Single Family
3,886
Multi-Family
0
Businesses
68
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