235 Waters Edge LnMadisonAL35758
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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
Rental property for sale in Madison at 235 Waters Edge Ln, Madison, AL, 35758 offers $1,610/mo rent that, after a $954/mo payment, leaves $347/mo cash flow. Total monthly income is $1,610/mo, and annual cash flow is $4,161/yr on $64,643 cash. Return on cash invested measures 26.35% in year one, and rental yield stands at 9.91% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 137.76% and total cumulative return in cash reaches $89,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,610/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
$163 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35758, Madison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,150 (100%) |
| Owner Occupied HU | 12,787 (55.2%) |
| Renter Occupied HU | 8,346 (36.1%) |
| Vacant Housing Units | 2,017 ( 8.7%) |
| Median Home Value | $405,138 |
| Average Home Value | $448,947 |
Housing Distribution
Address Breakdown
Residential
21,495
Single Family
16,455
Multi-Family
5,040
Businesses
2,188
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Listed by: Sarah McDavid • Kendall James Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21843890
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