403 Hoffman AveBridgeportAL35740
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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 Bridgeport at 403 Hoffman Ave, Bridgeport, AL, 35740 priced at $240,000 pairs $1,140/mo rent with after a $1,175/mo payment. Total monthly income equals $1,140/mo. Return on cash invested is 16.67% in year one, and rental yield stands at 5.7% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 84.72% and total cumulative return in cash reaches $67,406. For financing, Ziffy Mortgage’s DSCR program evaluates $1,140/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1892
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35740, Bridgeport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 1,037 (60.2%) |
| Renter Occupied HU | 454 (26.4%) |
| Vacant Housing Units | 231 (13.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $178,322 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,402
Multi-Family
24
Businesses
83
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Listed by: Gina Pannell • RE/MAX Realty South
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515697
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS