2816 North RdGardendaleAL35071
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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 Gardendale at 2816 North Rd, Gardendale, AL, 35071 uses $81,516 cash to close to unlock $6,823/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,204/mo payment keeps the spread at $569/mo. Purchase price stands at $245,900, and rental yield measures 9.55% with $1,957/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $67,938 over five years. Five-year ROI reaches 147.03% and total cumulative return in cash records $119,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,204/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35071, Gardendale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,328 (100%) |
| Owner Occupied HU | 5,434 (74.2%) |
| Renter Occupied HU | 1,483 (20.2%) |
| Vacant Housing Units | 411 ( 5.6%) |
| Median Home Value | $305,155 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
7,444
Single Family
6,835
Multi-Family
609
Businesses
673
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Listed by: Amy Jones • RE/MAX Northern Properties
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420332
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.