1214 Grant AveGadsdenAL35903
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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 1214 Grant Ave, Gadsden, AL, 35903 priced at $113,500 converts $992/mo rent into $328/mo cash flow after a $556/mo obligation. Total monthly income equals $992/mo, and annual cash flow totals $3,938/yr on $37,625 invested. Return on cash invested prints 30.38% in year one, and rental yield reads 10.49% against a $113,500 entry. Equity gained on principal adds $732/yr, while 5% annual appreciation compiles into $31,358 by year five. Five-year ROI reaches 158.66% and total cumulative return in cash sums $59,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $992/mo property income covering a $556/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35903, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,423 (100%) |
| Owner Occupied HU | 4,732 (56.2%) |
| Renter Occupied HU | 2,592 (30.8%) |
| Vacant Housing Units | 1,099 (13.0%) |
| Median Home Value | $185,769 |
| Average Home Value | $224,647 |
Housing Distribution
Address Breakdown
Residential
7,867
Single Family
7,466
Multi-Family
401
Businesses
611
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Listed by: Kelly Epps • KW Huntsville Keller Williams
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21864560
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