5820 Morris AveHokes BluffAL35903
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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
Investment property for sale in Hokes Bluff at 5820 Morris Ave, Hokes Bluff, AL, 35903 offers a 7.9% rental yield on a $222,900 purchase with $1,467/mo rent. Total monthly income registers $1,467/mo, and a $1,091/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,506/yr on $73,891 to close, and return on cash invested stands at 23.3% in year one. Equity gained on principal adds $1,438/yr while 5% annual appreciation supports $61,583 over five years. Portfolio math shows five-year ROI at 120.29% and total cumulative return in cash at $88,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,467/mo property income against a $1,091/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35903, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,423 (100%) |
| Owner Occupied HU | 4,732 (56.2%) |
| Renter Occupied HU | 2,592 (30.8%) |
| Vacant Housing Units | 1,099 (13.0%) |
| Median Home Value | $185,769 |
| Average Home Value | $224,647 |
Housing Distribution
Address Breakdown
Residential
7,867
Single Family
7,466
Multi-Family
401
Businesses
611
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Listed by: Janet Hughes • Advantage Properties
Mls Name: ValleyMLS
Mls ID: #21904623