The Harrington 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
Investment property for sale in Mount Olive at The Harrington Plan, Newfound Ridge, Mount Olive, AL, 35117 at $319,900 posts ROI 32.19% with $1,085/mo cash flow from $2,891/mo rent. Total monthly income equals $2,891/mo, and annual cash flow records $13,021/yr on $106,047 to close. Return on cash invested measures 32.19% and rental yield reads 10.84% at the current $319,900. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 by year five. Five-year ROI prints 168% and total cumulative return in cash totals $178,160.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,891/mo property income rather than your personal income records (W2s, Paystubs, and 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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Nearby investment properties with comparable prices
Listed by: Linda Keller • Smith Douglas Homes
Mls Name: Smith Douglas Homes
Mls Provider:
Mls ID: #N/A