113 Sterling DrBessemerAL35023
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 113 Sterling Dr, Bessemer, AL, 35023 listed at $122,500 pairs $940/mo rent with a $600/mo payment to leave $115/mo cash flow. Total monthly income runs $940/mo, and annual cash flow reaches $1,374/yr on $40,609 cash to close. Return on cash invested measures 23.29% in year one, and rental yield registers 9.21% at a $122,500 basis. Equity gained on principal adds $790/yr, and annual property appreciation at 5% supports $33,844 by year five. Five-year ROI tracks 121.78% and total cumulative return in cash totals $49,452. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $940/mo property income relative to a $600/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeremy Galloway • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420269
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.