566 Nance RdMadisonAL35757
Nearby investment properties with comparable rents
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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 566 Nance Rd, Madison, AL, 35757 priced at $409,000 converts $1,684/mo rent into after a $2,002/mo obligation. Total monthly income equals $1,684/mo. Return on cash invested prints 13.87% in year one, and rental yield reads 4.94% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 69.93% and total cumulative return in cash sums $94,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,684/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.41 Acres lot
$N/A/sqft
No 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: Pranteek Patnaik • Patnaik Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21879091
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