15 Dorough StSteeleAL35987
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 15 Dorough St, Steele, AL, 35987 in Steele earns a 8.49% gross yield at $195,000. Rent of $1,380/mo nets $279/mo after the $877/mo mortgage. The 1.57 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $53,875 and $1,796/yr in equity accumulation project a total cumulative return of $91,453.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.0% |
| Monthly Cash Flow | $279 | $1,200 |
City averages based on Steele market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,380 |
| Total Monthly Debt Service | $1,023 |
| DSCR Ratio | 1.35x |
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
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35987, Steele, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 954 (75.8%) |
| Renter Occupied HU | 164 (13.0%) |
| Vacant Housing Units | 141 (11.2%) |
| Median Home Value | $192,568 |
| Average Home Value | $229,827 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,152
Multi-Family
0
Businesses
85
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
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35987, Steele, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 954 (75.8%) |
| Renter Occupied HU | 164 (13.0%) |
| Vacant Housing Units | 141 (11.2%) |
| Median Home Value | $192,568 |
| Average Home Value | $229,827 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,152
Multi-Family
0
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices