216 Carol 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 216 Carol Ave, Gadsden, AL, 35904 with 5% annual appreciation on a $144,500 basis while $1,187/mo rent supports operations. Total monthly income totals $1,187/mo and a $707/mo payment preserves $372/mo for cash returns. Annual cash flow comes to $4,459/yr on $47,902 deployed, and return on cash invested reaches 29.22% in year one. Equity gained on principal adds $932/yr, and five-year appreciation sums $39,923 alongside rental yield of 9.86%. Five-year ROI measures 152.1% and total cumulative return in cash totals $72,859.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,187/mo property income versus a $707/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
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: Keelie Holland • Holland Realty, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889395
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