149 Olde Hearth RdNew MarketAL35761
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 New Market at 149 Olde Hearth Rd, New Market, AL, 35761 priced at $223,280 pairs $1,920/mo rent with $626/mo cash flow after a $1,093/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $7,515/yr on $74,017 invested. Return on cash invested is 30.06% in year one, and rental yield stands at 10.32% on a $223,280 basis. Equity gained on principal adds $1,441/yr, and 5% annual appreciation accumulates to $61,688 by year five. Five-year ROI measures 156.82% and total cumulative return in cash reaches $116,073. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,093/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
10,680 sqft lot
$N/A/sqft
$400 annually 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: Stanford Stephens • Lennar Homes Coastal Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21899004
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