540 Harlem AveBessemerAL35023
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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 540 Harlem Ave, Bessemer, AL, 35023 priced at $187,900 pairs $1,497/mo rent with $302/mo cash flow after a $920/mo payment. Total monthly income equals $1,497/mo, and annual cash flow comes to $3,628/yr on $62,289 invested. Return on cash invested is 25.73% in year one, and rental yield stands at 9.56% on a $187,900 basis. Equity gained on principal adds $1,212/yr, and 5% annual appreciation accumulates to $51,913 by year five. Five-year ROI measures 134.36% and total cumulative return in cash reaches $83,689. For financing, Ziffy Mortgage’s DSCR program evaluates $1,497/mo property income against a $920/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.36 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: Caroline Grimes • Sweet Homelife
Mls Name: GALMLS
Mls Provider:
Mls ID: #21423140
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.