338 Paint Rock 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 338 Paint Rock Rd, New Hope, AL, 35760 generates $2,348/mo in rent, after a $3,670/mo payment. Total monthly income is $2,348/mo. Return on cash invested sits at 10.89% in year one, and rental yield is 3.76% on a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 53.75% and total cumulative return in cash sums $132,598. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,348/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
28 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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Listed by: Elaine Abston • CRYE-LEIKE REALTORS - Hsv
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885709
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