3412 Forrest AveGadsdenAL35904
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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 Gadsden at 3412 Forrest Ave, Gadsden, AL, 35904 offers $1,356/mo rent that, after a $535/mo payment, leaves $724/mo cash flow. Total monthly income is $1,356/mo, and annual cash flow is $8,693/yr on $36,233 cash. Return on cash invested measures 43.9% in year one, and rental yield stands at 14.89% at a $109,300 entry. Equity gained on principal adds $705/yr while 5% annual appreciation compounds into $30,198 by year five. Five-year ROI records 231.03% and total cumulative return in cash reaches $83,708. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,356/mo property income versus a $535/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35904, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,044 (62.5%) |
| Renter Occupied HU | 1,552 (24.0%) |
| Vacant Housing Units | 871 (13.5%) |
| Median Home Value | $117,073 |
| Average Home Value | $172,088 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
396
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