145 Monroe StCourtlandAL35618
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 145 Monroe St, Courtland, AL, 35618 in Courtland speaks for itself: 13.52% gross on a $130,000 price, generating $1,465/mo in rent and $731/mo in net income after the $585/mo debt service. DSCR 2.50, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,777 stacks alongside $35,917 in projected five-year appreciation and $1,197/yr in principal reduction. Projected total cumulative return: $96,029.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 7.0% |
| Monthly Cash Flow | $731 | $200 |
City averages based on Courtland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,465 |
| Total Monthly Debt Service | $682 |
| DSCR Ratio | 2.15x |
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 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35618, Courtland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 565 (59.1%) |
| Renter Occupied HU | 221 (23.1%) |
| Vacant Housing Units | 170 (17.8%) |
| Median Home Value | $115,434 |
| Average Home Value | $161,314 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
803
Multi-Family
24
Businesses
84
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 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35618, Courtland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 565 (59.1%) |
| Renter Occupied HU | 221 (23.1%) |
| Vacant Housing Units | 170 (17.8%) |
| Median Home Value | $115,434 |
| Average Home Value | $161,314 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
803
Multi-Family
24
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darlene Davis • Doublehead Realty
Mls Name: Strategic MLS Alliance
Mls ID: #518140
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.