183 Westridge DrAddisonAL35540
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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 Addison at 183 Westridge Dr, Addison, AL, 35540 listed at $525,000 pairs $2,447/mo rent with a $2,570/mo payment. Total monthly income runs $2,447/mo. Return on cash invested measures 16.47% in year one, and rental yield registers 5.59% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 83.67% and total cumulative return in cash totals $144,513. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,447/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35540, Addison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 843 (69.8%) |
| Renter Occupied HU | 164 (13.6%) |
| Vacant Housing Units | 200 (16.6%) |
| Median Home Value | $232,895 |
| Average Home Value | $273,932 |
Housing Distribution
Address Breakdown
Residential
969
Single Family
969
Multi-Family
0
Businesses
75
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Listed by: Jennifer Yeager • ERA WALDROP REAL ESTATE
Mls Name: Strategic MLS Alliance
Mls ID: #521351
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.