1802 Devon RdBessemerAL35023
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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 Bessemer at 1802 Devon Rd, Bessemer, AL, 35023 earns $279/mo cash flow from $1,053/mo rent with a $671/mo payment. Total monthly income totals $1,053/mo, and annual cash flow totals $3,351/yr on $45,416 capital. ROI tracks 27.29% on current figures, and rental yield reads 9.22% at a $137,000 purchase. Equity gained on principal adds $884/yr, and 5% annual appreciation supports $37,851 over five years. Five-year ROI reaches 141.77% and total cumulative return in cash sums $64,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,053/mo property income instead of your personal income.
Single Family
Built in 1950
0.25 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
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