114 Creek Ridge DrMeridianvilleAL35759
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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 Meridianville at 114 Creek Ridge Dr, Meridianville, AL, 35759 with 5% annual appreciation on a $330,000 basis while $2,600/mo rent supports operations. Total monthly income totals $2,600/mo and a $1,615/mo payment preserves $738/mo for cash returns. Annual cash flow comes to $8,850/yr on $109,395 deployed, and return on cash invested reaches 28% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,173 alongside rental yield of 9.45%. Five-year ROI measures 145.53% and total cumulative return in cash totals $159,203.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,600/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
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Listed by: Brenda Hinshaw • Covington & Company, Inc.
Mls Name: ValleyMLS
Mls ID: #21897415