2016 13th St SEDecaturAL35601
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2016 13th St SE, Decatur, AL, 35601 in Decatur is a solid income-producing rental, 9.62% gross yield, $1,322/mo rent, $391/mo net cash flow on a $159,900 buy. DSCR 1.84 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $44,177 and $1,473/yr in principal reduction project a total cumulative return of $87,295.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $391 | $450 |
City averages based on Decatur market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,322 |
| Total Monthly Debt Service | $839 |
| 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 1956
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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 1956
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices