309 Northridge 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
Rental property for sale in Gardendale at 309 Northridge Rd, Gardendale, AL, 35071 priced at $249,900 pairs $1,860/mo rent with $450/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $5,395/yr on $82,842 invested. Return on cash invested is 26.42% in year one, and rental yield stands at 8.93% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 137.05% and total cumulative return in cash reaches $113,534. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.37 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: Melvin Upchurch • LIST Birmingham
Mls Name: GALMLS
Mls ID: #21440072