2477 Alford Bend RdHokes 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 2477 Alford Bend Rd, Hokes Bluff, AL, 35903 offers $1,500/mo rent that, after a $974/mo payment, leaves $377/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $4,522/yr on $65,935 cash. Return on cash invested measures 26.77% in year one, and rental yield stands at 9.05% at a $198,900 entry. Equity gained on principal adds $1,283/yr while 5% annual appreciation compounds into $54,952 by year five. Five-year ROI records 138.9% and total cumulative return in cash reaches $91,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
1.80 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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Listed by: Pam Brady • Heartland Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412363
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.