1111 13th St NWFayetteAL35555
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1111 13th St NW, Fayette, AL, 35555 in Fayette worth modelling. At $325,000 with a 7.08% gross yield, the $1,919/mo rent leaves $84/mo after the $1,461/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.31 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $89,792 by year five; $2,993/yr in principal reduction adds further equity. Total projected return: $127,974.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 8.0% |
| Monthly Cash Flow | $84 | $150 |
City averages based on Fayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,919 |
| Total Monthly Debt Service | $1,705 |
| DSCR Ratio | 1.13x |
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 1978
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35555, Fayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,507 (100%) |
| Owner Occupied HU | 2,740 (60.8%) |
| Renter Occupied HU | 1,038 (23.0%) |
| Vacant Housing Units | 729 (16.2%) |
| Median Home Value | $171,483 |
| Average Home Value | $279,089 |
Housing Distribution
Address Breakdown
Residential
4,213
Single Family
4,034
Multi-Family
179
Businesses
446
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 1978
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35555, Fayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,507 (100%) |
| Owner Occupied HU | 2,740 (60.8%) |
| Renter Occupied HU | 1,038 (23.0%) |
| Vacant Housing Units | 729 (16.2%) |
| Median Home Value | $171,483 |
| Average Home Value | $279,089 |
Housing Distribution
Address Breakdown
Residential
4,213
Single Family
4,034
Multi-Family
179
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melinda Jenkins • 1ST Class Real Estate Heritage Homes
Mls Name: WAMLS
Mls Provider:
Mls ID: #165407
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.