248 Ashland Dr SWHancevilleAL35077
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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 Hanceville at 248 Ashland Dr SW, Hanceville, AL, 35077 priced at $250,000 pairs $2,015/mo rent with $604/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,015/mo, and annual cash flow comes to $7,242/yr on $82,875 invested. Return on cash invested is 28.65% in year one, and rental yield stands at 9.67% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 149.02% and total cumulative return in cash reaches $123,502. For financing, Ziffy Mortgage’s DSCR program evaluates $2,015/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: Erick Leiva • Real Broker LLC
Mls Name: Strategic MLS Alliance
Mls ID: #524079