101 Canonbury DrNew MarketAL35761
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 New Market at 101 Canonbury Dr, New Market, AL, 35761 earns $575/mo cash flow from $2,254/mo rent with a $1,456/mo payment. Total monthly income totals $2,254/mo, and annual cash flow totals $6,898/yr on $98,621 capital. ROI tracks 26.9% on current figures, and rental yield reads 9.09% at a $297,500 purchase. Equity gained on principal adds $1,920/yr, and 5% annual appreciation supports $82,194 over five years. Five-year ROI reaches 139.64% and total cumulative return in cash sums $137,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,254/mo property income instead of your personal income.
Single Family
Built in N/A
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mathew Nixon • Coldwell Banker First
Mls Name: ValleyMLS
Mls ID: #21891701