114 Burdine StNew 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
Investment property for sale in New Market at 114 Burdine St, New Market, AL, 35761 uses $140,888 cash to close to unlock $6,843/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,969/mo, and a $2,080/mo payment keeps the spread at $570/mo. Purchase price stands at $425,000, and rental yield measures 8.38% with $2,969/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 128.19% and total cumulative return in cash records $180,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,969/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2023
9,583 sqft 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: Tina Clarke • Watercress Property Group
Mls Name: ValleyMLS
Mls ID: #21900453