108 Lee DrNew HopeAL35760
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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
Investment property for sale in New Hope at 108 Lee Dr, New Hope, AL, 35760 uses $85,693 cash to close to unlock $7,921/yr annual cash flow and $660/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,265/mo payment keeps the spread at $660/mo. Purchase price stands at $258,500, and rental yield measures 9.84% with $2,119/mo rent. Return on cash invested shows 29.15% in year one, and 5% annual appreciation builds toward $71,419 over five years. Five-year ROI reaches 151.75% and total cumulative return in cash records $130,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,265/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35760, New Hope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,678 (70.7%) |
| Renter Occupied HU | 522 (22.0%) |
| Vacant Housing Units | 174 ( 7.3%) |
| Median Home Value | $307,667 |
| Average Home Value | $420,265 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,194
Multi-Family
0
Businesses
103
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Listed by: Mike Hammond • CRYE-LEIKE REALTORS - Hsv
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883652
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