296 Scott Branch RdNew HopeAL35760
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 Hope at 296 Scott Branch Rd, New Hope, AL, 35760 offers $1,498/mo rent that, after a $636/mo payment, leaves $765/mo cash flow. Total monthly income is $1,498/mo, and annual cash flow is $9,174/yr on $43,095 cash. Return on cash invested measures 41.2% in year one, and rental yield stands at 13.83% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 216.34% and total cumulative return in cash reaches $93,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,498/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35760, New Hope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,678 (70.7%) |
| Renter Occupied HU | 522 (22.0%) |
| Vacant Housing Units | 174 ( 7.3%) |
| Median Home Value | $307,667 |
| Average Home Value | $420,265 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,194
Multi-Family
0
Businesses
103
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Nearby investment properties with comparable prices
Listed by: Claudia Coker • KW Huntsville Keller Williams
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872101
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