1103 Castle DrSouthsideAL35907
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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 Southside at 1103 Castle Dr, Southside, AL, 35907 offers a 9.51% rental yield on a $217,700 purchase with $1,726/mo rent. Total monthly income registers $1,726/mo, and a $1,066/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,961/yr on $72,168 to close, and return on cash invested stands at 28.17% in year one. Equity gained on principal adds $1,405/yr while 5% annual appreciation supports $60,147 over five years. Portfolio math shows five-year ROI at 146.44% and total cumulative return in cash at $105,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,726/mo property income against a $1,066/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35907, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,944 (100%) |
| Owner Occupied HU | 3,383 (85.8%) |
| Renter Occupied HU | 342 ( 8.7%) |
| Vacant Housing Units | 219 ( 5.6%) |
| Median Home Value | $237,574 |
| Average Home Value | $280,457 |
Housing Distribution
Address Breakdown
Residential
3,874
Single Family
3,874
Multi-Family
0
Businesses
110
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