2372 Old Gurley PikeNew 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 2372 Old Gurley Pike, New Hope, AL, 35760 listed at $333,000 pairs $1,944/mo rent with a $1,630/mo payment to leave $64/mo cash flow. Total monthly income runs $1,944/mo, and annual cash flow reaches $771/yr on $110,390 cash to close. Return on cash invested measures 20.61% in year one, and rental yield registers 7.01% at a $333,000 basis. Equity gained on principal adds $2,149/yr, and annual property appreciation at 5% supports $92,002 by year five. Five-year ROI tracks 105.89% and total cumulative return in cash totals $116,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,944/mo property income relative to a $1,630/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
1.80 Acres 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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Listed by: Tori Vaughan • Redstone Realty Solutions-DEC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892351
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