50 Deer Ridge RdClevelandAL35049
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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 Cleveland at 50 Deer Ridge Rd, Cleveland, AL, 35049 generates $3,028/mo in rent and, after a $2,446/mo payment, leaves $207/mo in cash flow. Total monthly income is $3,028/mo, and annual cash flow is $2,486/yr on $165,684 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 7.27% on a $499,800 entry. Equity gained on principal adds $3,225/yr, while 5% annual appreciation builds toward $138,086 over five years. Five-year ROI reaches 110.19% and total cumulative return in cash sums $182,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,028/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
12.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35049, Cleveland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,767 (100%) |
| Owner Occupied HU | 1,347 (76.2%) |
| Renter Occupied HU | 289 (16.4%) |
| Vacant Housing Units | 131 ( 7.4%) |
| Median Home Value | $188,393 |
| Average Home Value | $240,349 |
Housing Distribution
Address Breakdown
Residential
1,559
Single Family
1,559
Multi-Family
0
Businesses
100
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Listed by: Bobby Dehaye • ListedItMyself.Com
Mls Name: GALMLS
Mls Provider:
Mls ID: #21374550
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.