1008 Ridge Point DrDeatsvilleAL36022
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 Deatsville at 1008 Ridge Point Dr, Deatsville, AL, 36022 offers a 8.05% rental yield on a $339,000 purchase with $2,274/mo rent. Total monthly income registers $2,274/mo, and a $1,659/mo payment leaves $361/mo available for distribution. Annual cash flow reaches $4,329/yr on $112,379 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 122.78% and total cumulative return in cash at $137,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,274/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36022, Deatsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,878 (100%) |
| Owner Occupied HU | 4,758 (80.9%) |
| Renter Occupied HU | 773 (13.2%) |
| Vacant Housing Units | 347 ( 5.9%) |
| Median Home Value | $232,558 |
| Average Home Value | $248,431 |
Housing Distribution
Address Breakdown
Residential
5,667
Single Family
5,667
Multi-Family
0
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dustin Ledbetter • DL Realty
Mls Name: MAAR
Mls ID: #582649