1368 County Road 11GoodwaterAL35072
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1368 County Road 11, Goodwater, AL, 35072 in Goodwater: $2,140/mo in rent, $729/mo net, 10.27% gross yield, all on a $249,900 acquisition. The 1.90 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $69,043 in value, and $2,302/yr in principal paydown steadily builds equity. Projected total cumulative return: $141,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.0% |
| Monthly Cash Flow | $729 | $400 |
City averages based on Goodwater market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,140 |
| Total Monthly Debt Service | $1,311 |
| DSCR Ratio | 1.63x |
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 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35072, Goodwater, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,346 (100%) |
| Owner Occupied HU | 1,458 (62.1%) |
| Renter Occupied HU | 501 (21.4%) |
| Vacant Housing Units | 387 (16.5%) |
| Median Home Value | $116,908 |
| Average Home Value | $180,019 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
69
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 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35072, Goodwater, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,346 (100%) |
| Owner Occupied HU | 1,458 (62.1%) |
| Renter Occupied HU | 501 (21.4%) |
| Vacant Housing Units | 387 (16.5%) |
| Median Home Value | $116,908 |
| Average Home Value | $180,019 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices