284 Abercorn DrMadisonAL35756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madison at 284 Abercorn Dr, Madison, AL, 35756 offers $2,567/mo rent that, after a $1,706/mo payment, leaves $526/mo cash flow. Total monthly income is $2,567/mo, and annual cash flow is $6,306/yr on $115,528 cash. Return on cash invested measures 25.37% in year one, and rental yield stands at 8.84% at a $348,500 entry. Equity gained on principal adds $2,249/yr while 5% annual appreciation compounds into $96,284 by year five. Five-year ROI records 131.7% and total cumulative return in cash reaches $152,147. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,567/mo property income versus a $1,706/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
8,502 sqft lot
$N/A/sqft
$25 monthly 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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