106 Lewis DrBessemerAL35023
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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 106 Lewis Dr, Bessemer, AL, 35023 offers a 13.33% rental yield on a $130,300 purchase with $1,447/mo rent. Total monthly income registers $1,447/mo, and a $638/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,259/yr on $43,194 to close, and return on cash invested stands at 39.03% in year one. Equity gained on principal adds $841/yr while 5% annual appreciation supports $35,999 over five years. Portfolio math shows five-year ROI at 204.97% and total cumulative return in cash at $88,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,447/mo property income against a $638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.26 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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