551 Walnut Grove RdNew MarketAL35761
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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 Market at 551 Walnut Grove Rd, New Market, AL, 35761 priced at $159,900 converts $1,199/mo rent into $296/mo cash flow after a $783/mo obligation. Total monthly income equals $1,199/mo, and annual cash flow totals $3,553/yr on $53,007 invested. Return on cash invested prints 26.61% in year one, and rental yield reads 9% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 138.15% and total cumulative return in cash sums $73,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,199/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35761, New Market, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,282 (100%) |
| Owner Occupied HU | 4,333 (82.0%) |
| Renter Occupied HU | 721 (13.7%) |
| Vacant Housing Units | 228 ( 4.3%) |
| Median Home Value | $300,175 |
| Average Home Value | $356,524 |
Housing Distribution
Address Breakdown
Residential
5,791
Single Family
5,790
Multi-Family
1
Businesses
141
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Listed by: Meloney Reliford • Alabama Professional Realty
Mls Name: ValleyMLS
Mls ID: #21906668