8945 Forest Home RdForest HomeAL36030
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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 Forest Home at 8945 Forest Home Rd, Forest Home, AL, 36030 generates $2,966/mo in rent, after a $4,381/mo payment. Total monthly income is $2,966/mo. Return on cash invested sits at 11.56% in year one, and rental yield is 3.98% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 57.3% and total cumulative return in cash sums $168,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,966/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
85.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36030, Forest Home, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 247 (100%) |
| Owner Occupied HU | 138 (55.9%) |
| Renter Occupied HU | 40 (16.2%) |
| Vacant Housing Units | 69 (27.9%) |
| Median Home Value | $152,941 |
| Average Home Value | $148,025 |
Housing Distribution
Address Breakdown
Residential
202
Single Family
202
Multi-Family
0
Businesses
8
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Listed by: Keron F Kyzar • BASS AGENCY REAL ESTATE
Mls Name: Covington AOR
Mls ID: #25490