702 Gothard AveBridgeportAL35740
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
Investment property for sale in Bridgeport at 702 Gothard Ave, Bridgeport, AL, 35740 offers a 11.03% rental yield on a $143,000 purchase with $1,315/mo rent. Total monthly income registers $1,315/mo, and a $700/mo payment leaves $508/mo available for distribution. Annual cash flow reaches $6,093/yr on $47,405 to close, and return on cash invested stands at 32.76% in year one. Equity gained on principal adds $923/yr while 5% annual appreciation supports $39,508 over five years. Portfolio math shows five-year ROI at 171.08% and total cumulative return in cash at $81,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,315/mo property income against a $700/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35740, Bridgeport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 1,037 (60.2%) |
| Renter Occupied HU | 454 (26.4%) |
| Vacant Housing Units | 231 (13.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $178,322 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,402
Multi-Family
24
Businesses
83
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Listed by: Teresa A Smith • Century 21 Cumberland Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519507