154 Olde Hearth RdNew MarketAL35761
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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 154 Olde Hearth Rd, New Market, AL, 35761 priced at $227,440 converts $1,920/mo rent into $636/mo cash flow after a $1,113/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $7,637/yr on $75,396 invested. Return on cash invested prints 30.04% in year one, and rental yield reads 10.13% against a $227,440 entry. Equity gained on principal adds $1,468/yr, while 5% annual appreciation compiles into $62,837 by year five. Five-year ROI reaches 156.48% and total cumulative return in cash sums $117,979. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $1,113/mo payment, not borrower’s personal income.
Single Family
Built in N/A
10,680 sqft 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: Stanford Stephens • Lennar Homes Coastal Realty
Mls Name: ValleyMLS
Mls ID: #21906415