123 Cragen LnMadisonAL35756
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 Madison at 123 Cragen Ln, Madison, AL, 35756 generates $2,560/mo in rent, after a $2,398/mo payment. Total monthly income is $2,560/mo. Return on cash invested sits at 16.67% in year one, and rental yield is 6.27% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 85.39% and total cumulative return in cash sums $138,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,560/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
8,276 sqft lot
$N/A/sqft
$950 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35756, Madison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 8,528 (71.4%) |
| Renter Occupied HU | 2,284 (19.1%) |
| Vacant Housing Units | 1,127 ( 9.4%) |
| Median Home Value | $418,344 |
| Average Home Value | $441,883 |
Housing Distribution
Address Breakdown
Residential
11,561
Single Family
11,001
Multi-Family
560
Businesses
339
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Nearby investment properties with comparable prices
Listed by: Jacqueline Smith • RE/MAX Alliance
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21888607
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