283 E King StNewtonAL36352
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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 Newton at 283 E King St, Newton, AL, 36352 uses $51,150 cash to close to unlock $23,391/yr annual cash flow and $1,949/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $755/mo payment keeps the spread at $1,949/mo. Purchase price stands at $154,300, and rental yield measures 21.93% with $2,820/mo rent. Return on cash invested shows 65.64% in year one, and 5% annual appreciation builds toward $42,630 over five years. Five-year ROI reaches 347.45% and total cumulative return in cash records $177,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $755/mo payment rather than investor’s personal income.
Single Family
Built in 1958
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36352, Newton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,551 (100%) |
| Owner Occupied HU | 1,837 (72.0%) |
| Renter Occupied HU | 501 (19.6%) |
| Vacant Housing Units | 213 ( 8.3%) |
| Median Home Value | $275,000 |
| Average Home Value | $273,688 |
Housing Distribution
Address Breakdown
Residential
2,318
Single Family
2,318
Multi-Family
0
Businesses
118
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Listed by: Debra Clark • Coldwell Banker/Alfred Saliba
Mls Name: SAMLS
Mls ID: #148176
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.