303 Ridgewood DrDaphneAL36526
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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 Daphne at 303 Ridgewood Dr, Daphne, AL, 36526 with 5% annual appreciation on a $235,000 basis while $2,242/mo rent supports operations. Total monthly income totals $2,242/mo and a $1,150/mo payment preserves $846/mo for cash returns. Annual cash flow comes to $10,149/yr on $77,903 deployed, and return on cash invested reaches 32.94% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 11.45%. Five-year ROI measures 172.39% and total cumulative return in cash totals $134,296.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,242/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
9,147 sqft lot
$N/A/sqft
$70 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36526, Daphne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 12,007 (67.1%) |
| Renter Occupied HU | 4,253 (23.8%) |
| Vacant Housing Units | 1,639 ( 9.2%) |
| Median Home Value | $350,867 |
| Average Home Value | $399,652 |
Housing Distribution
Address Breakdown
Residential
16,538
Single Family
14,571
Multi-Family
1,967
Businesses
1,632
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Listed by: Candi Mckean • Roberts Brothers Eastern Shore
Mls Name: GCMLS
Mls Provider:
Mls ID: #7650013
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.