1501 Garfield AveGadsdenAL35904
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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
Investment property for sale in Gadsden at 1501 Garfield Ave, Gadsden, AL, 35904 earns $295/mo cash flow from $997/mo rent with a $609/mo payment. Total monthly income totals $997/mo, and annual cash flow totals $3,535/yr on $41,272 capital. ROI tracks 28.48% on current figures, and rental yield reads 9.61% at a $124,500 purchase. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 over five years. Five-year ROI reaches 148.09% and total cumulative return in cash sums $61,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $997/mo property income instead of your personal income.
Single Family
Built in 2008
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35904, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,044 (62.5%) |
| Renter Occupied HU | 1,552 (24.0%) |
| Vacant Housing Units | 871 (13.5%) |
| Median Home Value | $117,073 |
| Average Home Value | $172,088 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
396
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Listed by: Sandra White • ERA King Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21879206
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