317 Holmes RdNewtonAL36352
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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 Newton at 317 Holmes Rd, Newton, AL, 36352 offers $2,280/mo rent that, after a $2,202/mo payment. Total monthly income is $2,280/mo. Return on cash invested measures 17.82% in year one, and rental yield stands at 6.08% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 90.94% and total cumulative return in cash reaches $135,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
6.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36352, Newton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,551 (100%) |
| Owner Occupied HU | 1,837 (72.0%) |
| Renter Occupied HU | 501 (19.6%) |
| Vacant Housing Units | 213 ( 8.3%) |
| Median Home Value | $275,000 |
| Average Home Value | $273,688 |
Housing Distribution
Address Breakdown
Residential
2,318
Single Family
2,318
Multi-Family
0
Businesses
118
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