710 Ridgefield WayOdenvilleAL35120
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
Investment property for sale in Odenville at 710 Ridgefield Way, Odenville, AL, 35120 uses $83,621 cash to close to unlock $12,485/yr annual cash flow and $1,040/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $1,235/mo payment keeps the spread at $1,040/mo. Purchase price stands at $252,251, and rental yield measures 11.86% with $2,494/mo rent. Return on cash invested shows 34.84% in year one, and 5% annual appreciation builds toward $69,692 over five years. Five-year ROI reaches 182.38% and total cumulative return in cash records $152,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $1,235/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Jackson • Real Broker LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398197
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.