685 Ridgefield DrMargaretAL35120
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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 Margaret at 685 Ridgefield Dr, Margaret, AL, 35120 priced at $330,000 pairs $2,665/mo rent with $773/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,665/mo, and annual cash flow comes to $9,280/yr on $109,395 invested. Return on cash invested is 28.39% in year one, and rental yield stands at 9.69% on a $330,000 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,173 by year five. Five-year ROI measures 147.76% and total cumulative return in cash reaches $161,639. For financing, Ziffy Mortgage’s DSCR program evaluates $2,665/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.34 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35120, Odenville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 5,719 (81.5%) |
| Renter Occupied HU | 859 (12.2%) |
| Vacant Housing Units | 440 ( 6.3%) |
| Median Home Value | $239,131 |
| Average Home Value | $254,224 |
Housing Distribution
Address Breakdown
Residential
7,023
Single Family
7,023
Multi-Family
0
Businesses
233
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Listed by: Melissa Boyer • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21404789
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.