1066 Grand Oaks DrBessemerAL35022
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 Bessemer at 1066 Grand Oaks Dr, Bessemer, AL, 35022 listed at $538,000 pairs $2,338/mo rent with a $2,633/mo payment. Total monthly income runs $2,338/mo. Return on cash invested measures 14.66% in year one, and rental yield registers 5.21% at a $538,000 basis. Equity gained on principal adds $3,472/yr, and annual property appreciation at 5% supports $148,639 by year five. Five-year ROI tracks 74.19% and total cumulative return in cash totals $131,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,338/mo property income relative to a $2,633/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.37 Acres lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35022, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,303 (100%) |
| Owner Occupied HU | 7,161 (69.5%) |
| Renter Occupied HU | 2,415 (23.4%) |
| Vacant Housing Units | 727 ( 7.1%) |
| Median Home Value | $306,389 |
| Average Home Value | $363,775 |
Housing Distribution
Address Breakdown
Residential
10,353
Single Family
9,804
Multi-Family
549
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Sport • Keller Williams Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418796
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.