132 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 132 Chesire Cove Ln, New Market, AL, 35761 offers a 7.23% rental yield on a $389,800 purchase with $2,347/mo rent. Total monthly income registers $2,347/mo, and a $1,908/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,760/yr on $129,219 to close, and return on cash invested stands at 21.27% in year one. Equity gained on principal adds $2,515/yr while 5% annual appreciation supports $107,695 over five years. Portfolio math shows five-year ROI at 109.43% and total cumulative return in cash at $141,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,347/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.25 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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Listed by: Samantha Walker • Capstone Realty LLC Huntsville
Mls Name: ValleyMLS
Mls ID: #21906966