LOT 2 Newby Chapel RdAthensAL35613
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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 Athens at LOT 2 Newby Chapel Rd, Athens, AL, 35613 with 5% annual appreciation on a $578,495 basis while $2,592/mo rent supports operations. 74% in year one. Equity gained on principal adds $3,733/yr, and five-year appreciation sums $159,828 alongside rental yield of 5.38%. Five-year ROI measures 79.76% and total cumulative return in cash totals $151,804. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,592/mo property income versus a $2,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.81 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35613, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,937 (100%) |
| Owner Occupied HU | 9,026 (82.5%) |
| Renter Occupied HU | 1,520 (13.9%) |
| Vacant Housing Units | 391 ( 3.6%) |
| Median Home Value | $336,500 |
| Average Home Value | $377,614 |
Housing Distribution
Address Breakdown
Residential
11,392
Single Family
11,274
Multi-Family
118
Businesses
298
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Nearby investment properties with comparable prices
Listed by: Gray Winn • Re/Max Legacy
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885048
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