1003 Buddy StGlencoeAL35905
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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 Glencoe at 1003 Buddy St, Glencoe, AL, 35905 generates $1,020/mo in rent, after a $1,076/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 16.27% in year one, and rental yield is 5.57% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 82.69% and total cumulative return in cash sums $60,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35905, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,864 (100%) |
| Owner Occupied HU | 2,150 (75.1%) |
| Renter Occupied HU | 497 (17.4%) |
| Vacant Housing Units | 217 ( 7.6%) |
| Median Home Value | $233,504 |
| Average Home Value | $231,655 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,919
Multi-Family
0
Businesses
180
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