107 Morgan StGadsdenAL35904
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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 Gadsden at 107 Morgan St, Gadsden, AL, 35904 priced at $132,300 converts $1,020/mo rent into $273/mo cash flow after a $648/mo obligation. Total monthly income equals $1,020/mo, and annual cash flow totals $3,273/yr on $43,857 invested. Return on cash invested prints 27.37% in year one, and rental yield reads 9.25% against a $132,300 entry. Equity gained on principal adds $854/yr, while 5% annual appreciation compiles into $36,552 by year five. Five-year ROI reaches 142.18% and total cumulative return in cash sums $62,357. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $648/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35904, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,044 (62.5%) |
| Renter Occupied HU | 1,552 (24.0%) |
| Vacant Housing Units | 871 (13.5%) |
| Median Home Value | $117,073 |
| Average Home Value | $172,088 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
396
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