208 Alder Ridge DrNew 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 208 Alder Ridge Dr, New Market, AL, 35761 at $275,000 posts ROI 27.8% with $600/mo cash flow from $2,152/mo rent. Total monthly income equals $2,152/mo, and annual cash flow records $7,197/yr on $91,163 to close. Return on cash invested measures 27.8% and rental yield reads 9.39% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 144.45% and total cumulative return in cash totals $131,687.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,152/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
0.40 Acres 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
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Nearby investment properties with comparable prices
Listed by: Leena Jacobs • CRYE-LEIKE REALTORS - Hsv
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21884843
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