3089 Cherry Tree RdNew HopeAL35760
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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 New Hope at 3089 Cherry Tree Rd, New Hope, AL, 35760 generates $1,838/mo in rent, after a $1,904/mo payment. Total monthly income is $1,838/mo. Return on cash invested sits at 16.58% in year one, and rental yield is 5.67% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 84.3% and total cumulative return in cash sums $108,702. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,838/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
1 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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