3012 Watts DrGardendaleAL35071
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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 Gardendale at 3012 Watts Dr, Gardendale, AL, 35071 priced at $234,000 pairs $1,657/mo rent with $330/mo cash flow after a $1,145/mo payment. Total monthly income equals $1,657/mo, and annual cash flow comes to $3,961/yr on $77,571 invested. Return on cash invested is 25.02% in year one, and rental yield stands at 8.5% on a $234,000 basis. Equity gained on principal adds $1,510/yr, and 5% annual appreciation accumulates to $64,650 by year five. Five-year ROI measures 129.59% and total cumulative return in cash reaches $100,527. For financing, Ziffy Mortgage’s DSCR program evaluates $1,657/mo property income against a $1,145/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: Ruth Martin • Sweet Homelife
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417090
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.