236 Oak Ridge DrOneontaAL35121
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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 Oneonta at 236 Oak Ridge Dr, Oneonta, AL, 35121 priced at $295,000 converts $1,927/mo rent into $262/mo cash flow after a $1,444/mo obligation. Total monthly income equals $1,927/mo, and annual cash flow totals $3,141/yr on $97,793 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 7.84% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 119.34% and total cumulative return in cash sums $116,702. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,927/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35121, Oneonta, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,877 (100%) |
| Owner Occupied HU | 4,695 (68.3%) |
| Renter Occupied HU | 1,583 (23.0%) |
| Vacant Housing Units | 599 ( 8.7%) |
| Median Home Value | $202,796 |
| Average Home Value | $247,068 |
Housing Distribution
Address Breakdown
Residential
6,618
Single Family
6,435
Multi-Family
183
Businesses
713
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Listed by: Vj Brown • RealtySouth-Oneonta/Blount Co
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412527
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.