144 Patterson StNewvilleAL36353
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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
Rental property for sale in Newville at 144 Patterson St, Newville, AL, 36353 generates $1,372/mo in rent and, after a $954/mo payment, leaves $272/mo in cash flow. Total monthly income is $1,372/mo, and annual cash flow is $3,261/yr on $64,643 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 8.44% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 129.18% and total cumulative return in cash sums $83,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,372/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36353, Newville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 666 (69.2%) |
| Renter Occupied HU | 151 (15.7%) |
| Vacant Housing Units | 146 (15.2%) |
| Median Home Value | $124,296 |
| Average Home Value | $191,558 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
34
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