3597 Norris StHokes BluffAL35903
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 Hokes Bluff at 3597 Norris St, Hokes Bluff, AL, 35903 priced at $289,900 converts $2,616/mo rent into $980/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,616/mo, and annual cash flow totals $11,755/yr on $96,102 invested. Return on cash invested prints 32.14% in year one, and rental yield reads 10.83% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 167.73% and total cumulative return in cash sums $161,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35903, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,423 (100%) |
| Owner Occupied HU | 4,732 (56.2%) |
| Renter Occupied HU | 2,592 (30.8%) |
| Vacant Housing Units | 1,099 (13.0%) |
| Median Home Value | $185,769 |
| Average Home Value | $224,647 |
Housing Distribution
Address Breakdown
Residential
7,867
Single Family
7,466
Multi-Family
401
Businesses
611
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Listed by: David Clokey • Clokey Realty Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21873692
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