316 Ashland Dr SWHancevilleAL35077
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
Investment property for sale in Hanceville at 316 Ashland Dr SW, Hanceville, AL, 35077 uses $106,047 cash to close to unlock $1,789/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,566/mo payment keeps the spread at $149/mo. Purchase price stands at $319,900, and rental yield measures 7.43% with $1,980/mo rent. Return on cash invested shows 21.6% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 111.31% and total cumulative return in cash records $118,040. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 2026
7,666 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mellanie Wright • DHI Realty of Alabama
Mls Name: GALMLS
Mls Provider:
Mls ID: #21440736
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.