198 Space 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 198 Space Rd, Bessemer, AL, 35023 uses $65,935 cash to close to unlock $4,966/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $974/mo payment keeps the spread at $414/mo. Purchase price stands at $198,900, and rental yield measures 9.27% with $1,537/mo rent. Return on cash invested shows 27.44% in year one, and 5% annual appreciation builds toward $54,952 over five years. Five-year ROI reaches 142.52% and total cumulative return in cash records $93,971. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.40 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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