1613 Ridge DrSheffieldAL35660
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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 Sheffield at 1613 Ridge Dr, Sheffield, AL, 35660 uses $58,841 cash to close to unlock $5,686/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $1,476/mo, and a $869/mo payment keeps the spread at $474/mo. Purchase price stands at $177,500, and rental yield measures 9.98% with $1,476/mo rent. Return on cash invested shows 29.57% in year one, and 5% annual appreciation builds toward $49,040 over five years. Five-year ROI reaches 153.95% and total cumulative return in cash records $90,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,476/mo property income covering a $869/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35660, Sheffield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 2,449 (47.3%) |
| Renter Occupied HU | 2,041 (39.4%) |
| Vacant Housing Units | 685 (13.2%) |
| Median Home Value | $137,199 |
| Average Home Value | $170,423 |
Housing Distribution
Address Breakdown
Residential
4,528
Single Family
3,667
Multi-Family
861
Businesses
499
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