8247 County Road 28LafayetteAL36862
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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 Lafayette at 8247 County Road 28, Lafayette, AL, 36862 uses $33,150 cash to close to unlock $2,304/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $756/mo, and a $489/mo payment keeps the spread at $192/mo. Purchase price stands at $100,000, and rental yield measures 9.07% with $756/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 139.38% and total cumulative return in cash records $46,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $756/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
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