450 Riverside DrGadsdenAL35903
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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 Gadsden at 450 Riverside Dr, Gadsden, AL, 35903 priced at $249,900 converts $1,616/mo rent into $206/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,616/mo, and annual cash flow totals $2,467/yr on $82,842 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 7.76% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 118.12% and total cumulative return in cash sums $97,850. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,616/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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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