117 6th Ct NEVernonAL35592
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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 Vernon at 117 6th Ct NE, Vernon, AL, 35592 offers a 9.55% rental yield on a $275,000 purchase with $2,189/mo rent. Total monthly income registers $2,189/mo, and a $1,346/mo payment leaves $637/mo available for distribution. Annual cash flow reaches $7,641/yr on $91,163 to close, and return on cash invested stands at 28.29% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 147.09% and total cumulative return in cash at $134,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,189/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,364 (60.0%) |
| Renter Occupied HU | 535 (23.5%) |
| Vacant Housing Units | 375 (16.5%) |
| Median Home Value | $136,699 |
| Average Home Value | $159,173 |
Housing Distribution
Address Breakdown
Residential
1,749
Single Family
1,709
Multi-Family
40
Businesses
201
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Listed by: Celeste Dees • Cotton State Realty Company
Mls Name: Walker County Area MLS
Mls ID: #25-1171
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. Copyright 2025 Walker County Area MLS, All rights reserved.