2440 Redmill Saragossa RdJasperAL35503
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Jasper rental at 2440 Redmill Saragossa Rd, Jasper, AL, 35503 sits in the solid-income band: 9.32% gross yield, $823/mo rent, $225/mo net after the $477/mo debt service, DSCR 1.73. Entry price of $106,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $29,286 and $976/yr in principal reduction bring total cumulative return to $54,404.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $225 | $400 |
City averages based on Jasper market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $823 |
| Total Monthly Debt Service | $556 |
| DSCR Ratio | 1.48x |
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 N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35503, Jasper, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,833 (100%) |
| Owner Occupied HU | 2,681 (69.9%) |
| Renter Occupied HU | 753 (19.6%) |
| Vacant Housing Units | 399 (10.4%) |
| Median Home Value | $161,400 |
| Average Home Value | $189,766 |
Housing Distribution
Address Breakdown
Residential
3,966
Single Family
3,966
Multi-Family
0
Businesses
179
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 N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35503, Jasper, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,833 (100%) |
| Owner Occupied HU | 2,681 (69.9%) |
| Renter Occupied HU | 753 (19.6%) |
| Vacant Housing Units | 399 (10.4%) |
| Median Home Value | $161,400 |
| Average Home Value | $189,766 |
Housing Distribution
Address Breakdown
Residential
3,966
Single Family
3,966
Multi-Family
0
Businesses
179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices