6397 Letson Farms RdBessemerAL35022
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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 6397 Letson Farms Rd, Bessemer, AL, 35022 offers $2,417/mo rent that, after a $1,458/mo payment, leaves $674/mo cash flow. Total monthly income is $2,417/mo, and annual cash flow is $8,088/yr on $98,754 cash. Return on cash invested measures 28.1% in year one, and rental yield stands at 9.74% at a $297,900 entry. Equity gained on principal adds $1,922/yr while 5% annual appreciation compounds into $82,304 by year five. Five-year ROI records 146.32% and total cumulative return in cash reaches $144,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,417/mo property income versus a $1,458/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35022, Bessemer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,303 (100%) |
| Owner Occupied HU | 7,161 (69.5%) |
| Renter Occupied HU | 2,415 (23.4%) |
| Vacant Housing Units | 727 ( 7.1%) |
| Median Home Value | $306,389 |
| Average Home Value | $363,775 |
Housing Distribution
Address Breakdown
Residential
10,353
Single Family
9,804
Multi-Family
549
Businesses
682
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Listed by: Jane Grace • Epique Inc
Mls Name: GALMLS
Mls Provider:
Mls ID: #21397766
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.