364 New Hope Cedar Point RdNew HopeAL35760
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 New Hope at 364 New Hope Cedar Point Rd, New Hope, AL, 35760 uses $86,588 cash to close to unlock $9,457/yr annual cash flow and $788/mo monthly cash flow. Total monthly income runs $2,262/mo, and a $1,278/mo payment keeps the spread at $788/mo. Purchase price stands at $261,200, and rental yield measures 10.39% with $2,262/mo rent. Return on cash invested shows 30.83% in year one, and 5% annual appreciation builds toward $72,165 over five years. Five-year ROI reaches 160.75% and total cumulative return in cash records $139,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,262/mo property income covering a $1,278/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices