261 Old Overton DrMadisonAL35756
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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 Madison at 261 Old Overton Dr, Madison, AL, 35756 offers a 7.45% rental yield on a $488,500 purchase with $3,032/mo rent. Total monthly income registers $3,032/mo, and a $2,391/mo payment leaves $128/mo available for distribution. Annual cash flow reaches $1,535/yr on $161,938 to close, and return on cash invested stands at 20.86% in year one. Equity gained on principal adds $3,152/yr while 5% annual appreciation supports $134,964 over five years. Portfolio math shows five-year ROI at 107.6% and total cumulative return in cash at $174,237. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,032/mo property income against a $2,391/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,309 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35756, Madison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,939 (100%) |
| Owner Occupied HU | 8,528 (71.4%) |
| Renter Occupied HU | 2,284 (19.1%) |
| Vacant Housing Units | 1,127 ( 9.4%) |
| Median Home Value | $418,344 |
| Average Home Value | $441,883 |
Housing Distribution
Address Breakdown
Residential
11,561
Single Family
11,001
Multi-Family
560
Businesses
339
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Listed by: Regina Underwood • CRYE-LEIKE REALTORS - Madison
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21894619
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