23647 Highway 77WadleyAL36276
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $309,000, 23647 Highway 77, Wadley, AL, 36276 in Wadley generates $1,835/mo in rent (7.13% yield) but nets only $91/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.32) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $85,371. Total projected return: $122,348.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 7.5% |
| Monthly Cash Flow | $91 | $200 |
City averages based on Wadley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,835 |
| Total Monthly Debt Service | $1,621 |
| DSCR Ratio | 1.13x |
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 2004
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36276, Wadley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,214 (100%) |
| Owner Occupied HU | 732 (60.3%) |
| Renter Occupied HU | 202 (16.6%) |
| Vacant Housing Units | 280 (23.1%) |
| Median Home Value | $215,414 |
| Average Home Value | $229,556 |
Housing Distribution
Address Breakdown
Residential
979
Single Family
979
Multi-Family
0
Businesses
66
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 2004
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36276, Wadley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,214 (100%) |
| Owner Occupied HU | 732 (60.3%) |
| Renter Occupied HU | 202 (16.6%) |
| Vacant Housing Units | 280 (23.1%) |
| Median Home Value | $215,414 |
| Average Home Value | $229,556 |
Housing Distribution
Address Breakdown
Residential
979
Single Family
979
Multi-Family
0
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Hall • Southeastern Realty & Auction
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402618
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.