271 1st Dr NEVernonAL35592
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 271 1st Dr NE, Vernon, AL, 35592 in Vernon deserves attention. This $243,000 property earns $2,204/mo in rent, a 10.89% gross yield, and nets $833/mo after the $1,093/mo payment. DSCR 2.02 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $67,136 compounds alongside $2,238/yr in yearly equity build, for a total cumulative return of $145,123.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $833 | $400 |
City averages based on Vernon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,204 |
| Total Monthly Debt Service | $1,275 |
| DSCR Ratio | 1.73x |
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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,364 (60.0%) |
| Renter Occupied HU | 535 (23.5%) |
| Vacant Housing Units | 375 (16.5%) |
| Median Home Value | $136,699 |
| Average Home Value | $159,173 |
Housing Distribution
Address Breakdown
Residential
1,749
Single Family
1,709
Multi-Family
40
Businesses
201
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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,364 (60.0%) |
| Renter Occupied HU | 535 (23.5%) |
| Vacant Housing Units | 375 (16.5%) |
| Median Home Value | $136,699 |
| Average Home Value | $159,173 |
Housing Distribution
Address Breakdown
Residential
1,749
Single Family
1,709
Multi-Family
40
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Celeste Dees • Cotton State Realty Company
Mls Name: Walker County Area MLS
Mls ID: #24-1783
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. Copyright 2025 Walker County Area MLS, All rights reserved.