28622 Paseo RdMadisonAL35756
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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
Rental property for sale in Madison at 28622 Paseo Rd, Madison, AL, 35756 generates $2,294/mo in rent, after a $1,713/mo payment. Total monthly income is $2,294/mo. Return on cash invested sits at 19.7% in year one, and rental yield is 7.87% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 102.31% and total cumulative return in cash sums $118,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,294/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,534 sqft lot
$N/A/sqft
$775 annually 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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Listed by: Gena Sharpe • Matt Curtis Real Estate, Inc.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889737
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