605 Randall StGadsdenAL35901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 605 Randall St, Gadsden, AL, 35901 priced at $129,900 converts $1,132/mo rent into $399/mo cash flow after a $636/mo obligation. Total monthly income equals $1,132/mo, and annual cash flow totals $4,783/yr on $43,062 invested. Return on cash invested prints 31.02% in year one, and rental yield reads 10.46% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 161.76% and total cumulative return in cash sums $69,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,132/mo property income covering a $636/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
6,208 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: Mark Cassidy • Impact Realty, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885714
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