100 Tanner Drake CtNew MarketAL35761
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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 New Market at 100 Tanner Drake Ct, New Market, AL, 35761 priced at $312,000 converts $1,988/mo rent into $227/mo cash flow after a $1,527/mo obligation. Total monthly income equals $1,988/mo, and annual cash flow totals $2,724/yr on $103,428 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 7.65% against a $312,000 entry. Equity gained on principal adds $2,013/yr, while 5% annual appreciation compiles into $86,200 by year five. Five-year ROI reaches 116.24% and total cumulative return in cash sums $120,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,988/mo property income covering a $1,527/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35761, New Market, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,282 (100%) |
| Owner Occupied HU | 4,333 (82.0%) |
| Renter Occupied HU | 721 (13.7%) |
| Vacant Housing Units | 228 ( 4.3%) |
| Median Home Value | $300,175 |
| Average Home Value | $356,524 |
Housing Distribution
Address Breakdown
Residential
5,791
Single Family
5,790
Multi-Family
1
Businesses
141
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Listed by: Jason Salter • Own Real Estate
Mls Name: ValleyMLS
Mls ID: #21903585