10909 Highway 31EvergreenAL36401
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 10909 Highway 31, Evergreen, AL, 36401 in Evergreen. At $245,000 it earns $2,030/mo in rent and distributes $648/mo to the owner after the $1,102/mo payment, a consistent 9.94% yield. DSCR 1.84 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $67,689 in value; $2,256/yr in principal paydown compounds ownership stake. Total projected return: $133,984.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.0% |
| Monthly Cash Flow | $648 | $400 |
City averages based on Evergreen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,030 |
| Total Monthly Debt Service | $1,285 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
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
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan B Coleman • OUTLAW REALTY
Mls Name: Covington AOR
Mls Provider:
Mls ID: #24767
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.