878 NE Fields RdLaceys SpringAL35754
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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 Laceys Spring at 878 NE Fields Rd, Laceys Spring, AL, 35754 offers $2,400/mo rent that, after a $1,321/mo payment, leaves $877/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $10,519/yr on $89,472 cash. Return on cash invested measures 31.67% in year one, and rental yield stands at 10.67% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 165.19% and total cumulative return in cash reaches $147,798. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35754, Laceys Spring, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,371 (100%) |
| Owner Occupied HU | 1,681 (70.9%) |
| Renter Occupied HU | 444 (18.7%) |
| Vacant Housing Units | 246 (10.4%) |
| Median Home Value | $326,247 |
| Average Home Value | $328,328 |
Housing Distribution
Address Breakdown
Residential
2,221
Single Family
2,221
Multi-Family
0
Businesses
127
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Listed by: Jennifer Michaels • Legend Realty
Mls Name: ValleyMLS
Mls ID: #21900671