230 General Canby LoopSpanish FortAL36527
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe income profile at 230 General Canby Loop, Spanish Fort, AL, 36527 in Spanish Fort is straightforward: $615,000 in, $3,868/mo in rent, $396/mo out after debt service. The 7.55% gross yield and 1.40 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $169,913 by year five. With $5,664/yr in principal equity, the total cumulative return is projected at $257,294.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.5% |
| Monthly Cash Flow | $396 | $300 |
City averages based on Spanish Fort market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,868 |
| Total Monthly Debt Service | $3,227 |
| DSCR Ratio | 1.20x |
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 1997
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
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 1997
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Fran Hershiser • Goode Realty, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #381822
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.