216 Merit CirGadsdenAL35901
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 216 Merit Cir, Gadsden, AL, 35901 offers $3,685/mo rent that, after a $2,329/mo payment, leaves $999/mo cash flow. Total monthly income is $3,685/mo, and annual cash flow is $11,989/yr on $157,761 cash. Return on cash invested measures 27.51% in year one, and rental yield stands at 9.29% at a $475,900 entry. Equity gained on principal adds $3,071/yr while 5% annual appreciation compounds into $131,482 by year five. Five-year ROI records 142.9% and total cumulative return in cash reaches $225,445. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,685/mo property income versus a $2,329/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35901, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,155 (100%) |
| Owner Occupied HU | 4,980 (54.4%) |
| Renter Occupied HU | 2,801 (30.6%) |
| Vacant Housing Units | 1,374 (15.0%) |
| Median Home Value | $220,750 |
| Average Home Value | $250,773 |
Housing Distribution
Address Breakdown
Residential
8,585
Single Family
7,914
Multi-Family
671
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices