59 Ridgeview DrMillbrookAL36054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Millbrook at 59 Ridgeview Dr, Millbrook, AL, 36054 offers $1,758/mo rent that, after a $881/mo payment, leaves $742/mo cash flow. Total monthly income is $1,758/mo, and annual cash flow is $8,904/yr on $59,670 cash. Return on cash invested measures 34.83% in year one, and rental yield stands at 11.72% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 182.13% and total cumulative return in cash reaches $108,677. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,758/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36054, Millbrook, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,676 (100%) |
| Owner Occupied HU | 4,286 (64.2%) |
| Renter Occupied HU | 2,097 (31.4%) |
| Vacant Housing Units | 293 ( 4.4%) |
| Median Home Value | $212,523 |
| Average Home Value | $233,007 |
Housing Distribution
Address Breakdown
Residential
6,189
Single Family
5,416
Multi-Family
773
Businesses
567
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