387 Hay Rake DrMadisonAL35757
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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 Madison at 387 Hay Rake Dr, Madison, AL, 35757 priced at $395,000 pairs $2,122/mo rent with after a $1,933/mo payment. Total monthly income equals $2,122/mo. Return on cash invested is 16.7% in year one, and rental yield stands at 6.45% on a $395,000 basis. Equity gained on principal adds $2,549/yr, and 5% annual appreciation accumulates to $109,131 by year five. Five-year ROI measures 85.72% and total cumulative return in cash reaches $112,242. For financing, Ziffy Mortgage’s DSCR program evaluates $2,122/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2022
5,250 sqft lot
$N/A/sqft
$350 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35757, Madison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,348 (100%) |
| Owner Occupied HU | 6,117 (59.1%) |
| Renter Occupied HU | 3,534 (34.2%) |
| Vacant Housing Units | 697 ( 6.7%) |
| Median Home Value | $365,694 |
| Average Home Value | $430,830 |
Housing Distribution
Address Breakdown
Residential
9,317
Single Family
8,952
Multi-Family
365
Businesses
163
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Nearby investment properties with comparable prices
Listed by: Rachel Carlton • Coldwell Banker First
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885910
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2025 Valley MLS