117 Ridgecrest RdCaleraAL35040
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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 Calera at 117 Ridgecrest Rd, Calera, AL, 35040 uses $64,324 cash to close to unlock $7,621/yr annual cash flow and $635/mo monthly cash flow. Total monthly income runs $1,757/mo, and a $950/mo payment keeps the spread at $635/mo. Purchase price stands at $194,040, and rental yield measures 10.87% with $1,757/mo rent. Return on cash invested shows 31.76% in year one, and 5% annual appreciation builds toward $53,610 over five years. Five-year ROI reaches 165.9% and total cumulative return in cash records $106,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,757/mo property income covering a $950/mo payment rather than investor’s personal income.
Single Family
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35040, Calera, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,401 (100%) |
| Owner Occupied HU | 6,245 (74.3%) |
| Renter Occupied HU | 1,775 (21.1%) |
| Vacant Housing Units | 381 ( 4.5%) |
| Median Home Value | $231,971 |
| Average Home Value | $254,467 |
Housing Distribution
Address Breakdown
Residential
8,121
Single Family
7,836
Multi-Family
285
Businesses
442
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