314 Ravens Crest DrNew MarketAL35761
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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 Market at 314 Ravens Crest Dr, New Market, AL, 35761 priced at $315,000 converts $2,350/mo rent into $572/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,350/mo, and annual cash flow totals $6,861/yr on $104,423 invested. Return on cash invested prints 26.48% in year one, and rental yield reads 8.95% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 137.35% and total cumulative return in cash sums $143,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,350/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35761, New Market, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,282 (100%) |
| Owner Occupied HU | 4,333 (82.0%) |
| Renter Occupied HU | 721 (13.7%) |
| Vacant Housing Units | 228 ( 4.3%) |
| Median Home Value | $300,175 |
| Average Home Value | $356,524 |
Housing Distribution
Address Breakdown
Residential
5,791
Single Family
5,790
Multi-Family
1
Businesses
141
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Listed by: Shawn Guzman • Century 21 Home Team
Mls Name: ValleyMLS
Mls ID: #21895006