215 Hope Ridge DrNew HopeAL35760
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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
Investment property for sale in New Hope at 215 Hope Ridge Dr, New Hope, AL, 35760 uses $91,328 cash to close to unlock $7,925/yr annual cash flow and $660/mo monthly cash flow. Total monthly income runs $2,215/mo, and a $1,348/mo payment keeps the spread at $660/mo. Purchase price stands at $275,500, and rental yield measures 9.65% with $2,215/mo rent. Return on cash invested shows 28.59% in year one, and 5% annual appreciation builds toward $76,116 over five years. Five-year ROI reaches 148.7% and total cumulative return in cash records $135,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,215/mo property income covering a $1,348/mo payment rather than investor’s personal income.
Single Family
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35760, New Hope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,678 (70.7%) |
| Renter Occupied HU | 522 (22.0%) |
| Vacant Housing Units | 174 ( 7.3%) |
| Median Home Value | $307,667 |
| Average Home Value | $420,265 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,194
Multi-Family
0
Businesses
103
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