512 W Lake DrBessemerAL35020
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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 512 W Lake Dr, Bessemer, AL, 35020 generates $1,184/mo in rent and, after a $619/mo payment, leaves $396/mo in cash flow. Total monthly income is $1,184/mo, and annual cash flow is $4,750/yr on $41,935 invested. Return on cash invested sits at 31.24% in year one, and rental yield is 11.23% on a $126,500 entry. Equity gained on principal adds $816/yr, while 5% annual appreciation builds toward $34,950 over five years. Five-year ROI reaches 163.64% and total cumulative return in cash sums $68,624. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,184/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
9,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35020, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,433 (100%) |
| Owner Occupied HU | 5,003 (43.8%) |
| Renter Occupied HU | 4,777 (41.8%) |
| Vacant Housing Units | 1,653 (14.5%) |
| Median Home Value | $114,564 |
| Average Home Value | $220,074 |
Housing Distribution
Address Breakdown
Residential
10,218
Single Family
9,716
Multi-Family
502
Businesses
1,003
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