156 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 156 Chesire Cove Ln, New Market, AL, 35761 with 5% annual appreciation on a $347,850 basis while $2,518/mo rent supports operations. Total monthly income totals $2,518/mo and a $1,703/mo payment preserves $521/mo for cash returns. Annual cash flow comes to $6,254/yr on $115,312 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $2,245/yr, and five-year appreciation sums $96,105 alongside rental yield of 8.69%. Five-year ROI measures 131.36% and total cumulative return in cash totals $151,475.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,518/mo property income versus a $1,703/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
$395 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: Scott Dudley • VC Realty LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872085
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