284 Tercel DrNew MarketAL35761
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 New Market at 284 Tercel Dr, New Market, AL, 35761 offers $2,518/mo rent that, after a $1,248/mo payment, leaves $1,079/mo cash flow. Total monthly income is $2,518/mo, and annual cash flow is $12,946/yr on $84,499 cash. Return on cash invested measures 35.23% in year one, and rental yield stands at 11.85% at a $254,900 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,424 by year five. Five-year ROI records 184.28% and total cumulative return in cash reaches $155,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,518/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35761, New Market, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,282 (100%) |
| Owner Occupied HU | 4,333 (82.0%) |
| Renter Occupied HU | 721 (13.7%) |
| Vacant Housing Units | 228 ( 4.3%) |
| Median Home Value | $300,175 |
| Average Home Value | $356,524 |
Housing Distribution
Address Breakdown
Residential
5,791
Single Family
5,790
Multi-Family
1
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Phillips • Capstone Realty
Mls Name: ValleyMLS
Mls ID: #21905443