742 Riverside DrGadsdenAL35903
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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 Gadsden at 742 Riverside Dr, Gadsden, AL, 35903 uses $62,952 cash to close to unlock $1,615/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,206/mo, and a $929/mo payment keeps the spread at $135/mo. Purchase price stands at $189,900, and rental yield measures 7.62% with $1,206/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 115.91% and total cumulative return in cash records $72,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,206/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.62 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: Stephanie Ajlouny • ERA King Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21873937
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