601 Ewing AveGadsdenAL35901
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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 601 Ewing Ave, Gadsden, AL, 35901 priced at $124,900 converts $1,246/mo rent into $541/mo cash flow after a $611/mo obligation. Total monthly income equals $1,246/mo, and annual cash flow totals $6,496/yr on $41,404 invested. Return on cash invested prints 35.6% in year one, and rental yield reads 11.97% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 186.35% and total cumulative return in cash sums $77,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,246/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1907
6,029 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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