120 Chesire Cove LnNew 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 120 Chesire Cove Ln, New Market, AL, 35761 with 5% annual appreciation on a $418,000 basis while $2,518/mo rent supports operations. Total monthly income totals $2,518/mo and a $2,046/mo payment preserves $159/mo for cash returns. Annual cash flow comes to $1,902/yr on $138,567 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $2,697/yr, and five-year appreciation sums $115,486 alongside rental yield of 7.23%. Five-year ROI measures 109.49% and total cumulative return in cash totals $151,719.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,518/mo property income versus a $2,046/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
9,450 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 Craft • A.H. Sothebys Int. Realty
Mls Name: ValleyMLS
Mls ID: #21898690