1804 10th St SWLanettAL36863
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1804 10th St SW, Lanett, AL, 36863 in Lanett deserves attention. This $242,000 property earns $2,022/mo in rent, a 10.03% gross yield, and nets $656/mo after the $1,088/mo payment. DSCR 1.86 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $66,860 compounds alongside $2,229/yr in yearly equity build, for a total cumulative return of $133,442.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $656 | $500 |
City averages based on Lanett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,022 |
| Total Monthly Debt Service | $1,270 |
| DSCR Ratio | 1.59x |
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 2005
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
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 2005
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LORI TERRY • LORI TERRY HOME TOWN REALTY LLC
Mls Name: LCMLS
Mls ID: #174782
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.