1420 3rd Ave NBessemerAL35020
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 Bessemer at 1420 3rd Ave N, Bessemer, AL, 35020 generates $879/mo in rent and, after a $538/mo payment, leaves $125/mo in cash flow. Total monthly income is $879/mo, and annual cash flow is $1,497/yr on $36,465 invested. Return on cash invested sits at 24.01% in year one, and rental yield is 9.59% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash sums $45,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $879/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35020, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,433 (100%) |
| Owner Occupied HU | 5,003 (43.8%) |
| Renter Occupied HU | 4,777 (41.8%) |
| Vacant Housing Units | 1,653 (14.5%) |
| Median Home Value | $114,564 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
10,218
Single Family
9,716
Multi-Family
502
Businesses
1,003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Benefield • Sweet Homelife
Mls Name: GALMLS
Mls Provider:
Mls ID: #21390206
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.