4962 Grimmett CirGardendaleAL35071
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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 Gardendale at 4962 Grimmett Cir, Gardendale, AL, 35071 offers $2,726/mo rent that, after a $2,251/mo payment, leaves $120/mo cash flow. Total monthly income is $2,726/mo, and annual cash flow is $1,435/yr on $152,490 cash. Return on cash invested measures 20.85% in year one, and rental yield stands at 7.11% at a $460,000 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,090 by year five. Five-year ROI records 107.2% and total cumulative return in cash reaches $163,465. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,726/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
2.90 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35071, Gardendale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,328 (100%) |
| Owner Occupied HU | 5,434 (74.2%) |
| Renter Occupied HU | 1,483 (20.2%) |
| Vacant Housing Units | 411 ( 5.6%) |
| Median Home Value | $305,155 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
7,444
Single Family
6,835
Multi-Family
609
Businesses
673
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Listed by: Scott Ridgeway • Ridgeway Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21385107
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.