1253 County Road 6629BanksAL36005
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1253 County Road 6629, Banks, AL, 36005 in Banks: $1,213/mo in rent, $390/mo in net income, 9.98% gross yield, 1.85 DSCR, all at $145,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $40,309 in appreciation and $1,344/yr in principal paydown projects total cumulative return of $80,058.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 9.0% |
| Monthly Cash Flow | $390 | $200 |
City averages based on Banks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,213 |
| Total Monthly Debt Service | $765 |
| 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 1939
3.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36005, Banks, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 630 (68.3%) |
| Renter Occupied HU | 134 (14.5%) |
| Vacant Housing Units | 159 (17.2%) |
| Median Home Value | $191,667 |
| Average Home Value | $224,933 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
60
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 1939
3.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36005, Banks, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 630 (68.3%) |
| Renter Occupied HU | 134 (14.5%) |
| Vacant Housing Units | 159 (17.2%) |
| Median Home Value | $191,667 |
| Average Home Value | $224,933 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
