29536 Veto RdElkmontAL35620
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 29536 Veto Rd, Elkmont, AL, 35620 in Elkmont at $299,000 earns $1,759/mo in rent and nets $71/mo after the $1,344/mo payment, a 7.06% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,608 over five years. Ziffy Mortgage underwrites this on a 1.31 DSCR without U.S. credit history. With $2,754/yr in principal paydown, total projected return reaches $117,288.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 8.0% |
| Monthly Cash Flow | $71 | $300 |
City averages based on Elkmont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,759 |
| Total Monthly Debt Service | $1,569 |
| DSCR Ratio | 1.12x |
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 2006
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35620, Elkmont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 3,136 (77.5%) |
| Renter Occupied HU | 705 (17.4%) |
| Vacant Housing Units | 204 ( 5.0%) |
| Median Home Value | $262,939 |
| Average Home Value | $298,829 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
117
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 2006
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35620, Elkmont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 3,136 (77.5%) |
| Renter Occupied HU | 705 (17.4%) |
| Vacant Housing Units | 204 ( 5.0%) |
| Median Home Value | $262,939 |
| Average Home Value | $298,829 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices