1929 Lookout StGadsdenAL35904
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 1929 Lookout St, Gadsden, AL, 35904 priced at $169,900 pairs $1,586/mo rent with $589/mo cash flow after a $832/mo payment. Total monthly income equals $1,586/mo, and annual cash flow comes to $7,070/yr on $56,322 invested. Return on cash invested is 32.46% in year one, and rental yield stands at 11.2% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 169.81% and total cumulative return in cash reaches $95,642. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,454 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: Traci Thomason • Impact Realty, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21888704
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