2224 Veranda TrceHokes BluffAL35903
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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
Rental property for sale in Hokes Bluff at 2224 Veranda Trce, Hokes Bluff, AL, 35903 priced at $510,400 converts $3,083/mo rent into $202/mo cash flow after a $2,498/mo obligation. Total monthly income equals $3,083/mo, and annual cash flow totals $2,426/yr on $167,922 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 7.25% against a $510,400 entry. Equity gained on principal adds $3,294/yr, while 5% annual appreciation compiles into $141,014 by year five. Five-year ROI reaches 110.67% and total cumulative return in cash sums $185,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,083/mo property income covering a $2,498/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35903, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,423 (100%) |
| Owner Occupied HU | 4,732 (56.2%) |
| Renter Occupied HU | 2,592 (30.8%) |
| Vacant Housing Units | 1,099 (13.0%) |
| Median Home Value | $185,769 |
| Average Home Value | $224,647 |
Housing Distribution
Address Breakdown
Residential
7,867
Single Family
7,466
Multi-Family
401
Businesses
611
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