88 Lee Road 2213SalemAL36874
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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 88 Lee Road 2213, Salem, AL, 36874 uses $137,208 cash to close to unlock $8,251/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $3,024/mo, and a $2,026/mo payment keeps the spread at $688/mo. Purchase price stands at $413,900, and rental yield measures 8.77% with $3,024/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $114,353 over five years. Five-year ROI reaches 134.38% and total cumulative return in cash records $184,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,024/mo property income covering a $2,026/mo payment rather than investor’s personal income.
Single Family
Built in 2022
2.01 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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Listed by: Kelli Richardson • Champions Realty
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E101241
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.