2662 Granville AveBessemerAL35020
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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 Bessemer at 2662 Granville Ave, Bessemer, AL, 35020 uses $53,703 cash to close to unlock $5,173/yr annual cash flow and $431/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $793/mo payment keeps the spread at $431/mo. Purchase price stands at $162,000, and rental yield measures 10.47% with $1,414/mo rent. Return on cash invested shows 29.54% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 154.44% and total cumulative return in cash records $82,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $793/mo payment rather than investor’s personal income.
Single Family
Built in 1974
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35020, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,433 (100%) |
| Owner Occupied HU | 5,003 (43.8%) |
| Renter Occupied HU | 4,777 (41.8%) |
| Vacant Housing Units | 1,653 (14.5%) |
| Median Home Value | $114,564 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
10,218
Single Family
9,716
Multi-Family
502
Businesses
1,003
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Listed by: Tahira Khadair • New Image Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21393410
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.