1302 Redmont DrRed bayAL35582
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
Investment property for sale in Red bay at 1302 Redmont Dr, Red bay, AL, 35582 with 5% annual appreciation on a $479,000 basis while $2,460/mo rent supports operations. 07% in year one. Equity gained on principal adds $3,091/yr, and five-year appreciation sums $132,339 alongside rental yield of 6.16%. Five-year ROI measures 92.26% and total cumulative return in cash totals $146,499. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,460/mo property income versus a $2,344/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
8.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35582, Red Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,160 (55.9%) |
| Renter Occupied HU | 622 (30.0%) |
| Vacant Housing Units | 294 (14.2%) |
| Median Home Value | $121,719 |
| Average Home Value | $159,573 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,608
Multi-Family
119
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Terry • American Realty Company LLC
Mls Name: Strategic MLS Alliance
Mls ID: #520082
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.