3003 Circle DrBessemerAL35023
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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 3003 Circle Dr, Bessemer, AL, 35023 uses $62,952 cash to close to unlock $5,143/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $929/mo payment keeps the spread at $429/mo. Purchase price stands at $189,900, and rental yield measures 9.48% with $1,500/mo rent. Return on cash invested shows 28.08% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 145.95% and total cumulative return in cash records $91,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.43 Acres 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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