39 Mine Ridge RdDadevilleAL36853
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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 Dadeville at 39 Mine Ridge Rd, Dadeville, AL, 36853 generates $4,746/mo in rent, after a $6,847/mo payment. Total monthly income is $4,746/mo. Return on cash invested sits at 12.03% in year one, and rental yield is 4.07% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 59.76% and total cumulative return in cash sums $270,869. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,746/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36853, Dadeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,361 (100%) |
| Owner Occupied HU | 3,057 (48.1%) |
| Renter Occupied HU | 809 (12.7%) |
| Vacant Housing Units | 2,495 (39.2%) |
| Median Home Value | $285,381 |
| Average Home Value | $381,098 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,526
Multi-Family
44
Businesses
407
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Listed by: Virginia M Pettus • Aronov Realty Brokerage - Lake Martin Division
Mls Name: LMMLS
Mls Provider:
Mls ID: #23-1301
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.