279 Dogwood LnWedoweeAL36278
INVESTMENT ANALYSIS
Investment Verdict
Solid Income279 Dogwood Ln, Wedowee, AL, 36278 in Wedowee is a solid income-producing rental, 8.62% gross yield, $1,256/mo rent, $253/mo net cash flow on a $174,900 buy. DSCR 1.60 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $48,322 and $1,611/yr in principal reduction project a total cumulative return of $82,273.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.0% |
| Monthly Cash Flow | $253 | $200 |
City averages based on Wedowee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,256 |
| Total Monthly Debt Service | $934 |
| DSCR Ratio | 1.34x |
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
1.80 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
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
1.80 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lesia Waldrep • Dogwood Real Estate LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421370
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.