34 Merrimont RdBessemerAL35023
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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 34 Merrimont Rd, Bessemer, AL, 35023 earns $595/mo cash flow from $1,531/mo rent with a $812/mo payment. Total monthly income totals $1,531/mo, and annual cash flow totals $7,135/yr on $54,996 capital. ROI tracks 32.88% on current figures, and rental yield reads 11.07% at a $165,900 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,835 over five years. Five-year ROI reaches 171.73% and total cumulative return in cash sums $94,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,531/mo property income instead of your personal income.
Single Family
Built in 1965
9,583 sqft 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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Listed by: Roxanne Crane • Five Star Real Estate, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21396829
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.