The Coleman Plan, Newfound RidgeMount OliveAL35117
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
Rental property for sale in Mount Olive at The Coleman Plan, Newfound Ridge, Mount Olive, AL, 35117 priced at $307,900 pairs $2,681/mo rent with $943/mo cash flow after a $1,507/mo payment. Total monthly income equals $2,681/mo, and annual cash flow comes to $11,317/yr on $102,069 invested. Return on cash invested is 31% in year one, and rental yield stands at 10.45% on a $307,900 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,067 by year five. Five-year ROI measures 161.63% and total cumulative return in cash reaches $164,972. For financing, Ziffy Mortgage’s DSCR program evaluates $2,681/mo property income against a $1,507/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35117, Mount Olive, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 2,258 (84.1%) |
| Renter Occupied HU | 289 (10.8%) |
| Vacant Housing Units | 139 ( 5.2%) |
| Median Home Value | $290,234 |
| Average Home Value | $310,559 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
55
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Listed by: Linda Keller • Smith Douglas Homes
Mls Name: Smith Douglas Homes
Mls Provider:
Mls ID: #N/A