1243 Austin Rd NWVernonAL35592
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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 Vernon at 1243 Austin Rd NW, Vernon, AL, 35592 generates $1,245/mo in rent and, after a $759/mo payment, leaves $370/mo in cash flow. Total monthly income is $1,245/mo, and annual cash flow is $4,437/yr on $51,383 invested. Return on cash invested sits at 28.54% in year one, and rental yield is 9.64% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 148.47% and total cumulative return in cash sums $76,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,245/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
13 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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