4108 E Old Highway 278GadsdenAL35903
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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 Gadsden at 4108 E Old Highway 278, Gadsden, AL, 35903 offers a 9.97% rental yield on a $419,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $2,051/mo payment leaves $1,115/mo available for distribution. Annual cash flow reaches $13,377/yr on $138,899 to close, and return on cash invested stands at 29.54% in year one. Equity gained on principal adds $2,704/yr while 5% annual appreciation supports $115,762 over five years. Portfolio math shows five-year ROI at 153.77% and total cumulative return in cash at $213,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $2,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.73 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: Phyllis Taylor • United Country Real Estate - Taylor Real Estate S
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412005
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.