LOT 736 Lee Road 899SalemAL36874
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 LOT 736 Lee Road 899, Salem, AL, 36874 listed at $170,000 pairs $1,217/mo rent with a $832/mo payment to leave $258/mo cash flow. Total monthly income runs $1,217/mo, and annual cash flow reaches $3,090/yr on $56,355 cash to close. Return on cash invested measures 25.39% in year one, and rental yield registers 8.59% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 131.59% and total cumulative return in cash totals $74,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,217/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.78 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hunter Ward • COLDWELL BANKER - KPDD
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E94838
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.