868 Ridgecrest DrGardendaleAL35071
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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 Gardendale at 868 Ridgecrest Dr, Gardendale, AL, 35071 earns $1,168/mo cash flow from $4,906/mo rent with a $3,230/mo payment. Total monthly income totals $4,906/mo, and annual cash flow totals $14,015/yr on $217,107 capital. ROI tracks 26.52% on current figures, and rental yield reads 8.92% at a $659,900 purchase. Equity gained on principal adds $4,258/yr, and 5% annual appreciation supports $182,318 over five years. Five-year ROI reaches 137.53% and total cumulative return in cash sums $298,598. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,906/mo property income instead of your personal income.
Single Family
Built in 1979
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35071, Gardendale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,328 (100%) |
| Owner Occupied HU | 5,434 (74.2%) |
| Renter Occupied HU | 1,483 (20.2%) |
| Vacant Housing Units | 411 ( 5.6%) |
| Median Home Value | $305,155 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
7,444
Single Family
6,835
Multi-Family
609
Businesses
673
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Listed by: Cindy Mars • RE/MAX Northern Properties
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422687
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.