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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lapine at 973 Pettus Rd, Lapine, AL, 36046 generates $1,423/mo in rent and, after a $1,223/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,423/mo, and annual cash flow is $152/yr on $82,809 invested. Return on cash invested sits at 20.09% in year one, and rental yield is 6.84% on a $249,800 entry. Equity gained on principal adds $1,612/yr, while 5% annual appreciation builds toward $69,015 over five years. Five-year ROI reaches 103.13% and total cumulative return in cash sums $85,399. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,423/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36046, Lapine, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 501 (72.5%) |
| Renter Occupied HU | 101 (14.6%) |
| Vacant Housing Units | 89 (12.9%) |
| Median Home Value | $161,968 |
| Average Home Value | $172,246 |
Residential
664
Single Family
664
Multi-Family
0
Businesses
22
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Listing removed | $250,000 |
| 2025-07-15 | Contingent | $250,000 |
| 2025-07-09 | Listed for sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $751.80 | 18.16% | $21,600 | 16.38% |
| 2023-10-14 | $636.28 | 19.74% | $18,560 | 17.47% |
| 2022-10-14 | $531.40 | 9.56% | $15,800 | 8.37% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
