Caraway III G Plan, The Estates at Heritage LakesNew MarketAL35761
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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 Market at Caraway III G Plan, The Estates at Heritage Lakes, New Market, AL, 35761 offers $2,518/mo rent that, after a $1,972/mo payment, leaves $244/mo cash flow. Total monthly income is $2,518/mo, and annual cash flow is $2,925/yr on $133,591 cash. Return on cash invested measures 22.1% in year one, and rental yield stands at 7.5% at a $402,990 entry. Equity gained on principal adds $2,600/yr while 5% annual appreciation compounds into $111,339 by year five. Five-year ROI records 113.86% and total cumulative return in cash reaches $152,107. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,518/mo property income versus a $1,972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35761, New Market, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,282 (100%) |
| Owner Occupied HU | 4,333 (82.0%) |
| Renter Occupied HU | 721 (13.7%) |
| Vacant Housing Units | 228 ( 4.3%) |
| Median Home Value | $300,175 |
| Average Home Value | $356,524 |
Housing Distribution
Address Breakdown
Residential
5,791
Single Family
5,790
Multi-Family
1
Businesses
141
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Listed by: N/A • DSLD Homes - Alabama
Mls Name: DSLD Homes
Mls Provider:
Mls ID: #N/A