1013 Normandale CirBessemerAL35023
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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
Investment property for sale in Bessemer at 1013 Normandale Cir, Bessemer, AL, 35023 uses $87,814 cash to close to unlock $412/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $1,297/mo payment keeps the spread at $34/mo. Purchase price stands at $264,900, and rental yield measures 6.93% with $1,530/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 104.68% and total cumulative return in cash records $91,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35023, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,221 (100%) |
| Owner Occupied HU | 6,968 (68.2%) |
| Renter Occupied HU | 2,300 (22.5%) |
| Vacant Housing Units | 953 ( 9.3%) |
| Median Home Value | $199,244 |
| Average Home Value | $272,900 |
Housing Distribution
Address Breakdown
Residential
10,058
Single Family
9,984
Multi-Family
74
Businesses
652
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