285 Ridgefield Dr #C8V4E2OdenvilleAL35120
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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 Odenville at 285 Ridgefield Dr #C8V4E2, Odenville, AL, 35120 uses $86,157 cash to close to unlock $7,813/yr annual cash flow and $651/mo monthly cash flow. Total monthly income runs $2,118/mo, and a $1,272/mo payment keeps the spread at $651/mo. Purchase price stands at $259,900, and rental yield measures 9.78% with $2,118/mo rent. Return on cash invested shows 28.98% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 150.8% and total cumulative return in cash records $129,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,118/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35120, Odenville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 5,719 (81.5%) |
| Renter Occupied HU | 859 (12.2%) |
| Vacant Housing Units | 440 ( 6.3%) |
| Median Home Value | $239,131 |
| Average Home Value | $254,224 |
Housing Distribution
Address Breakdown
Residential
7,023
Single Family
7,023
Multi-Family
0
Businesses
233
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