231 Ridgeway RdBessemerAL35023
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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 Bessemer at 231 Ridgeway Rd, Bessemer, AL, 35023 priced at $133,270 pairs $1,775/mo rent with $1,000/mo cash flow after a $652/mo payment. Total monthly income equals $1,775/mo, and annual cash flow comes to $11,997/yr on $44,179 invested. Return on cash invested is 47.06% in year one, and rental yield stands at 15.98% on a $133,270 basis. Equity gained on principal adds $860/yr, and 5% annual appreciation accumulates to $36,820 by year five. Five-year ROI measures 247.99% and total cumulative return in cash reaches $109,557. For financing, Ziffy Mortgage’s DSCR program evaluates $1,775/mo property income against a $652/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A 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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