196 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
Investment property for sale in New Market at 196 Olde Hearth Rd, New Market, AL, 35761 at $267,240 posts ROI 30.25% with $764/mo cash flow from $2,272/mo rent. Total monthly income equals $2,272/mo, and annual cash flow records $9,163/yr on $88,590 to close. Return on cash invested measures 30.25% and rental yield reads 10.2% at the current $267,240. Equity gained on principal adds $1,724/yr, and 5% annual appreciation supports $73,833 by year five. Five-year ROI prints 157.61% and total cumulative return in cash totals $139,631.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,272/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stanford Stephens • Lennar Homes Coastal Realty
Mls Name: ValleyMLS
Mls ID: #21908167