882 Johnson AveNew hopeAL35760
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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 New hope at 882 Johnson Ave, New hope, AL, 35760 offers $1,762/mo rent that, after a $1,615/mo payment. Total monthly income is $1,762/mo. Return on cash invested measures 18.81% in year one, and rental yield stands at 6.41% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 96.23% and total cumulative return in cash reaches $105,243. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,762/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
0.83 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
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