242 Hope Ridge Dr, New Hope, AL, 35760 | Equity Gain $2,249/yr

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Hope at 242 Hope Ridge Dr, New Hope, AL, 35760 listed at $348,500 pairs $0/mo rent with a $1,706/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -0.53% in year one, and rental yield registers 0% at a $348,500 basis. Equity gained on principal adds $2,249/yr, and annual property appreciation at 5% supports $96,284 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,706/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Home Type Unknown

Built in N/A

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