2704 Cherokee Ridge DrUnion GroveAL35175
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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
Total monthly income runs $2,675/mo, and a $2,408/mo payment. Purchase price stands at $492,000, and rental yield measures 6.52% with $2,675/mo rent. Return on cash invested shows 19.16% in year one, and 5% annual appreciation builds toward $135,931 over five years. Five-year ROI reaches 98.1% and total cumulative return in cash records $160,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,675/mo property income covering a $2,408/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35175, Union Grove, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,393 (100%) |
| Owner Occupied HU | 1,817 (75.9%) |
| Renter Occupied HU | 355 (14.8%) |
| Vacant Housing Units | 221 ( 9.2%) |
| Median Home Value | $263,039 |
| Average Home Value | $306,187 |
Housing Distribution
Address Breakdown
Residential
2,346
Single Family
2,346
Multi-Family
0
Businesses
66
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Listed by: Patricia Bobo • Ainsworth Real Estate, LLC
Mls Name: ValleyMLS
Mls ID: #21904887