2145 Covey Dr, Waverly, AL, 36879 | $993/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Waverly at 2145 Covey Dr, Waverly, AL, 36879 priced at $385,000 pairs $3,166/mo rent with $993/mo cash flow after a $1,884/mo payment. Total monthly income equals $3,166/mo, and annual cash flow comes to $11,919/yr on $127,628 invested. Return on cash invested is 29.25% in year one, and rental yield stands at 9.87% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 152.22% and total cumulative return in cash reaches $194,278. For financing, Ziffy Mortgage’s DSCR program evaluates $3,166/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36879, Waverly, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,487 (100%)
Owner Occupied HU	1,154 (77.6%)
Renter Occupied HU	181 (12.2%)
Vacant Housing Units	152 (10.2%)
Median Home Value	$334,633
Average Home Value	$380,295