1985 Ridgewood Dr SLillianAL36549
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 Lillian at 1985 Ridgewood Dr S, Lillian, AL, 36549 with 5% annual appreciation on a $198,400 basis while $1,538/mo rent supports operations. Total monthly income totals $1,538/mo and a $971/mo payment preserves $344/mo for cash returns. Annual cash flow comes to $4,130/yr on $65,770 deployed, and return on cash invested reaches 26.19% in year one. Equity gained on principal adds $1,280/yr, and five-year appreciation sums $54,814 alongside rental yield of 9.3%. Five-year ROI measures 136.36% and total cumulative return in cash totals $89,686.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,538/mo property income versus a $971/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2015
9,321 sqft lot
$N/A/sqft
$74 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36549, Lillian, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,601 (72.1%) |
| Renter Occupied HU | 293 ( 8.1%) |
| Vacant Housing Units | 715 (19.8%) |
| Median Home Value | $260,289 |
| Average Home Value | $291,528 |
Housing Distribution
Address Breakdown
Residential
3,327
Single Family
3,327
Multi-Family
0
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gwen Vigon • Gwen Vigon Realty LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367789
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.