2004 Ridgewood DrLillianAL36549
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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
Rental property for sale in Lillian at 2004 Ridgewood Dr, Lillian, AL, 36549 priced at $229,900 pairs $1,548/mo rent with $177/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,548/mo, and annual cash flow comes to $2,119/yr on $76,212 invested. Return on cash invested is 22.69% in year one, and rental yield stands at 8.08% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 117.46% and total cumulative return in cash reaches $89,519. For financing, Ziffy Mortgage’s DSCR program evaluates $1,548/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
7,230 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
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Listed by: Alla Nikitina • Ryals Realty Services, Inc
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #375885
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.