508 S 10th StGadsdenAL35901
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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 508 S 10th St, Gadsden, AL, 35901 generates $1,122/mo in rent and, after a $729/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,122/mo, and annual cash flow is $3,130/yr on $49,360 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.04% on a $148,900 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,138 over five years. Five-year ROI reaches 136.33% and total cumulative return in cash sums $67,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,122/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
7,405 sqft 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: Lindsay Pruitt • 5 Star Real Estate Agency
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402810
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.