123 Clover StGordonAL36343
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 123 Clover St, Gordon, AL, 36343 in Gordon is listed at $124,900 and delivers $966/mo in rent and $261/mo in net monthly cash flow. The 9.28% yield and 1.72 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $34,508 over five years, and $1,150/yr in principal reduction supplements cash return. Total projected cumulative return: $63,886.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $261 | $1,500 |
City averages based on Gordon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $966 |
| Total Monthly Debt Service | $655 |
| DSCR Ratio | 1.47x |
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.
Manufactured
Built in 1998
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36343, Gordon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 522 (70.4%) |
| Renter Occupied HU | 116 (15.6%) |
| Vacant Housing Units | 104 (14.0%) |
| Median Home Value | $161,111 |
| Average Home Value | $188,204 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
29
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
Manufactured
Built in 1998
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36343, Gordon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 522 (70.4%) |
| Renter Occupied HU | 116 (15.6%) |
| Vacant Housing Units | 104 (14.0%) |
| Median Home Value | $161,111 |
| Average Home Value | $188,204 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Grant • Century 21 James Grant Realty
Mls Name: SAMLS
Mls ID: #196692
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.