2774 Old Oneonta RdHortonAL35980
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder2774 Old Oneonta Rd, Horton, AL, 35980 in Horton earns a respectable 7.37% gross yield at $199,900, but after the $899/mo mortgage the net cash flow is $99/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.37) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $55,229 over five years, making equity the dominant return driver. Total projected return: $81,782.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 12.0% |
| Monthly Cash Flow | $99 | $300 |
City averages based on Horton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,228 |
| Total Monthly Debt Service | $1,049 |
| DSCR Ratio | 1.17x |
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 1960
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35980, Horton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,016 (100%) |
| Owner Occupied HU | 1,495 (74.2%) |
| Renter Occupied HU | 381 (18.9%) |
| Vacant Housing Units | 140 ( 6.9%) |
| Median Home Value | $193,899 |
| Average Home Value | $225,803 |
Housing Distribution
Address Breakdown
Residential
2,063
Single Family
2,063
Multi-Family
0
Businesses
39
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 1960
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35980, Horton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,016 (100%) |
| Owner Occupied HU | 1,495 (74.2%) |
| Renter Occupied HU | 381 (18.9%) |
| Vacant Housing Units | 140 ( 6.9%) |
| Median Home Value | $193,899 |
| Average Home Value | $225,803 |
Housing Distribution
Address Breakdown
Residential
2,063
Single Family
2,063
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Marchand • MarMac Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889944
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