308 S 8th AveGordonAL36343
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 Gordon at 308 S 8th Ave, Gordon, AL, 36343 offers $1,260/mo rent that, after a $759/mo payment, leaves $385/mo cash flow. Total monthly income is $1,260/mo, and annual cash flow is $4,617/yr on $51,383 cash. Return on cash invested measures 28.89% in year one, and rental yield stands at 9.75% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 150.34% and total cumulative return in cash reaches $77,248. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,260/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36343, Gordon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 522 (70.4%) |
| Renter Occupied HU | 116 (15.6%) |
| Vacant Housing Units | 104 (14.0%) |
| Median Home Value | $161,111 |
| Average Home Value | $188,204 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
29
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