29309 8th Ave EArdmoreAL35739
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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 Ardmore at 29309 8th Ave E, Ardmore, AL, 35739 generates $1,529/mo in rent and, after a $1,199/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,529/mo, and annual cash flow is $1,755/yr on $81,218 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 7.49% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash sums $92,400. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,529/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35739, Ardmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,718 (72.0%) |
| Renter Occupied HU | 508 (21.3%) |
| Vacant Housing Units | 159 ( 6.7%) |
| Median Home Value | $265,580 |
| Average Home Value | $305,860 |
Housing Distribution
Address Breakdown
Residential
2,466
Single Family
2,438
Multi-Family
28
Businesses
136
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