1109 Alcott RdGadsdenAL35901
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 1109 Alcott Rd, Gadsden, AL, 35901 in Gadsden delivers $1,328/mo in gross rent and $306/mo in net monthly income at a $173,900 entry. The 9.17% yield and 1.70 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $48,045 over five years and $1,602/yr in equity from loan paydown, total projected return is $85,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.0% |
| Monthly Cash Flow | $306 | $1,200 |
City averages based on Gadsden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,328 |
| Total Monthly Debt Service | $953 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35901, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,155 (100%) |
| Owner Occupied HU | 4,980 (54.4%) |
| Renter Occupied HU | 2,801 (30.6%) |
| Vacant Housing Units | 1,374 (15.0%) |
| Median Home Value | $220,750 |
| Average Home Value | $250,773 |
Housing Distribution
Address Breakdown
Residential
8,585
Single Family
7,914
Multi-Family
671
Businesses
1,141
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
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35901, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,155 (100%) |
| Owner Occupied HU | 4,980 (54.4%) |
| Renter Occupied HU | 2,801 (30.6%) |
| Vacant Housing Units | 1,374 (15.0%) |
| Median Home Value | $220,750 |
| Average Home Value | $250,773 |
Housing Distribution
Address Breakdown
Residential
8,585
Single Family
7,914
Multi-Family
671
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Freeman • RE/MAX Marketplace
Mls Name: GALMLS
Mls Provider:
Mls ID: #21396923
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.