42 E Wilkinson AveGadsdenAL35904
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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 42 E Wilkinson Ave, Gadsden, AL, 35904 listed at $132,500 pairs $941/mo rent with a $649/mo payment to leave $193/mo cash flow. Total monthly income runs $941/mo, and annual cash flow reaches $2,311/yr on $43,924 cash to close. Return on cash invested measures 25.17% in year one, and rental yield registers 8.52% at a $132,500 basis. Equity gained on principal adds $855/yr, and annual property appreciation at 5% supports $36,607 by year five. Five-year ROI tracks 130.39% and total cumulative return in cash totals $57,272. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $941/mo property income relative to a $649/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35904, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,044 (62.5%) |
| Renter Occupied HU | 1,552 (24.0%) |
| Vacant Housing Units | 871 (13.5%) |
| Median Home Value | $117,073 |
| Average Home Value | $172,088 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
396
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Listed by: Wesley Sutton • Corporate South Realty,Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21891248
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