407 Joseph StBessemerAL35020
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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 Bessemer at 407 Joseph St, Bessemer, AL, 35020 priced at $119,500 pairs $913/mo rent with $238/mo cash flow after a $585/mo payment. Total monthly income equals $913/mo, and annual cash flow comes to $2,861/yr on $39,614 invested. Return on cash invested is 27.13% in year one, and rental yield stands at 9.17% on a $119,500 basis. Equity gained on principal adds $771/yr, and 5% annual appreciation accumulates to $33,016 by year five. Five-year ROI measures 140.93% and total cumulative return in cash reaches $55,830. For financing, Ziffy Mortgage’s DSCR program evaluates $913/mo property income against a $585/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35020, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,433 (100%) |
| Owner Occupied HU | 5,003 (43.8%) |
| Renter Occupied HU | 4,777 (41.8%) |
| Vacant Housing Units | 1,653 (14.5%) |
| Median Home Value | $114,564 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
10,218
Single Family
9,716
Multi-Family
502
Businesses
1,003
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Listed by: Kristle Smith • RealtySouth-I459 Southwest
Mls Name: GALMLS
Mls Provider:
Mls ID: #21404216
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.