504 Wabash StBessemerAL35023
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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 Bessemer at 504 Wabash St, Bessemer, AL, 35023 generates $1,569/mo in rent and, after a $1,223/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,569/mo, and annual cash flow is $1,903/yr on $82,842 invested. Return on cash invested sits at 22.21% in year one, and rental yield is 7.53% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 114.47% and total cumulative return in cash sums $94,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,569/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35023, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,221 (100%) |
| Owner Occupied HU | 6,968 (68.2%) |
| Renter Occupied HU | 2,300 (22.5%) |
| Vacant Housing Units | 953 ( 9.3%) |
| Median Home Value | $199,244 |
| Average Home Value | $272,900 |
Housing Distribution
Address Breakdown
Residential
10,058
Single Family
9,984
Multi-Family
74
Businesses
652
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Listed by: Shannon Malcom • EXIT Realty Birmingham
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422264
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.