906 Ridgewood DrRemlapAL35133
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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
Investment property for sale in Remlap at 906 Ridgewood Dr, Remlap, AL, 35133 listed at $167,000 pairs $1,255/mo rent with a $817/mo payment to leave $313/mo cash flow. Total monthly income runs $1,255/mo, and annual cash flow reaches $3,753/yr on $55,361 cash to close. Return on cash invested measures 26.69% in year one, and rental yield registers 9.02% at a $167,000 basis. Equity gained on principal adds $1,078/yr, and annual property appreciation at 5% supports $46,139 by year five. Five-year ROI tracks 138.47% and total cumulative return in cash totals $76,659. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,255/mo property income relative to a $817/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35133, Remlap, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,808 (100%) |
| Owner Occupied HU | 1,388 (76.8%) |
| Renter Occupied HU | 255 (14.1%) |
| Vacant Housing Units | 165 ( 9.1%) |
| Median Home Value | $182,353 |
| Average Home Value | $211,041 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
1,718
Multi-Family
0
Businesses
55
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Listed by: Monica Thach • Keller Williams Trussville
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417592
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.