123 Turtle Ridge DrNew 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 123 Turtle Ridge Dr, New Market, AL, 35761 earns $357/mo cash flow from $1,831/mo rent with a $1,278/mo payment. Total monthly income totals $1,831/mo, and annual cash flow totals $4,285/yr on $86,588 capital. ROI tracks 24.86% on current figures, and rental yield reads 8.41% at a $261,200 purchase. Equity gained on principal adds $1,685/yr, and 5% annual appreciation supports $72,165 over five years. Five-year ROI reaches 128.7% and total cumulative return in cash sums $111,442. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,831/mo property income instead of your personal income.
Single Family
Built in 2002
0.45 Acres 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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