293 Echols RdGardendaleAL35071
Nearby investment properties with comparable rents
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 Gardendale at 293 Echols Rd, Gardendale, AL, 35071 priced at $239,000 converts $1,774/mo rent into $425/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,774/mo, and annual cash flow totals $5,097/yr on $79,229 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 8.91% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 136.63% and total cumulative return in cash sums $108,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,774/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann Marie Cusimano • Ironwood Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21425977
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.