119 Edmund CirNew 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
Rental property for sale in New Market at 119 Edmund Cir, New Market, AL, 35761 priced at $348,400 pairs $2,642/mo rent with $647/mo cash flow after a $1,705/mo payment. Total monthly income equals $2,642/mo, and annual cash flow comes to $7,758/yr on $115,495 invested. Return on cash invested is 26.63% in year one, and rental yield stands at 9.1% on a $348,400 basis. Equity gained on principal adds $2,248/yr, and 5% annual appreciation accumulates to $96,257 by year five. Five-year ROI measures 138.26% and total cumulative return in cash reaches $159,688. For financing, Ziffy Mortgage’s DSCR program evaluates $2,642/mo property income against a $1,705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.39 Acres lot
$N/A/sqft
$350 annually 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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Nearby investment properties with comparable prices
Listed by: Nichole Breighner • Exit Realty North
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21874528
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