623 Johnson AveNew HopeAL35760
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 New Hope at 623 Johnson Ave, New Hope, AL, 35760 priced at $244,500 converts $1,746/mo rent into $366/mo cash flow after a $1,197/mo obligation. Total monthly income equals $1,746/mo, and annual cash flow totals $4,387/yr on $81,052 invested. Return on cash invested prints 25.32% in year one, and rental yield reads 8.57% against a $244,500 entry. Equity gained on principal adds $1,578/yr, while 5% annual appreciation compiles into $67,551 by year five. Five-year ROI reaches 131.17% and total cumulative return in cash sums $106,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,746/mo property income covering a $1,197/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35760, New Hope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,678 (70.7%) |
| Renter Occupied HU | 522 (22.0%) |
| Vacant Housing Units | 174 ( 7.3%) |
| Median Home Value | $307,667 |
| Average Home Value | $420,265 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,194
Multi-Family
0
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices