202 Ashland Dr #OMVXLLHancevilleAL35077
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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 Hanceville at 202 Ashland Dr #OMVXLL, Hanceville, AL, 35077 generates $2,299/mo in rent and, after a $1,478/mo payment, leaves $595/mo in cash flow. Total monthly income is $2,299/mo, and annual cash flow is $7,135/yr on $100,080 invested. Return on cash invested sits at 27.04% in year one, and rental yield is 9.14% on a $301,900 entry. Equity gained on principal adds $1,948/yr, while 5% annual appreciation builds toward $83,409 over five years. Five-year ROI reaches 140.37% and total cumulative return in cash sums $140,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,299/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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