641 Ridgewood DrDaphneAL36526
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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 Daphne at 641 Ridgewood Dr, Daphne, AL, 36526 priced at $379,000 converts $1,942/mo rent into after a $1,855/mo obligation. Total monthly income equals $1,942/mo. Return on cash invested prints 17.36% in year one, and rental yield reads 6.15% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 88.67% and total cumulative return in cash sums $111,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,942/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.83 Acres lot
$N/A/sqft
$70 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36526, Daphne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 12,007 (67.1%) |
| Renter Occupied HU | 4,253 (23.8%) |
| Vacant Housing Units | 1,639 ( 9.2%) |
| Median Home Value | $350,867 |
| Average Home Value | $399,652 |
Housing Distribution
Address Breakdown
Residential
16,538
Single Family
14,571
Multi-Family
1,967
Businesses
1,632
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Listed by: Michelle Preston • Exit Allstar Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7584689
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.