99 Myrtle 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
Rental property for sale in Gadsden at 99 Myrtle Dr, Gadsden, AL, 35903 offers $2,142/mo rent that, after a $1,758/mo payment, leaves $115/mo cash flow. Total monthly income is $2,142/mo, and annual cash flow is $1,376/yr on $119,042 cash. Return on cash invested measures 21.06% in year one, and rental yield stands at 7.16% at a $359,100 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,213 by year five. Five-year ROI records 108.34% and total cumulative return in cash reaches $128,967. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,142/mo property income versus a $1,758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.56 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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