120 Ridgecrest RdGadsdenAL35901
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
Rental property for sale in Gadsden at 120 Ridgecrest Rd, Gadsden, AL, 35901 offers $2,540/mo rent that, after a $2,276/mo payment. Total monthly income is $2,540/mo. Return on cash invested measures 19.25% in year one, and rental yield stands at 6.55% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 98.61% and total cumulative return in cash reaches $152,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,540/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
1 Acres 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
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Nearby investment properties with comparable prices
Listed by: Sue Holland • Sue Holland Realty LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21868830
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2024 Valley MLS