412 Lakepoint DrGadsdenAL35901
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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 412 Lakepoint Dr, Gadsden, AL, 35901 uses $51,383 cash to close to unlock $2,108/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,102/mo, and a $759/mo payment keeps the spread at $176/mo. Purchase price stands at $155,000, and rental yield measures 8.53% with $1,102/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 124.6% and total cumulative return in cash records $64,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,102/mo property income covering a $759/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$60 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35901, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,155 (100%) |
| Owner Occupied HU | 4,980 (54.4%) |
| Renter Occupied HU | 2,801 (30.6%) |
| Vacant Housing Units | 1,374 (15.0%) |
| Median Home Value | $220,750 |
| Average Home Value | $250,773 |
Housing Distribution
Address Breakdown
Residential
8,585
Single Family
7,914
Multi-Family
671
Businesses
1,141
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Listed by: Stephanie Megois • Impact Realty, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #1818995
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