491 Longview 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 491 Longview Dr, Gadsden, AL, 35901 uses $67,958 cash to close to unlock $3,807/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $1,003/mo payment keeps the spread at $317/mo. Purchase price stands at $205,000, and rental yield measures 8.63% with $1,474/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 132.21% and total cumulative return in cash records $89,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
1.23 Acres lot
$N/A/sqft
No 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: Lauren McGowan • Weiss Lake Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21887706
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