345 Covington Ridge DrJacksonvilleAL36265
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 345 Covington Ridge Dr, Jacksonville, AL, 36265 in Jacksonville at $299,000 earns $1,763/mo in rent and nets $75/mo after the $1,344/mo payment, a 7.07% 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 $117,564.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 0.0% |
| Monthly Cash Flow | $75 | $0 |
City averages based on Jacksonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,763 |
| 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 2010
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36265, Jacksonville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,698 (100%) |
| Owner Occupied HU | 5,241 (54.0%) |
| Renter Occupied HU | 3,112 (32.1%) |
| Vacant Housing Units | 1,345 (13.9%) |
| Median Home Value | $200,030 |
| Average Home Value | $228,449 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,397
Multi-Family
254
Businesses
482
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 2010
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36265, Jacksonville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,698 (100%) |
| Owner Occupied HU | 5,241 (54.0%) |
| Renter Occupied HU | 3,112 (32.1%) |
| Vacant Housing Units | 1,345 (13.9%) |
| Median Home Value | $200,030 |
| Average Home Value | $228,449 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,397
Multi-Family
254
Businesses
482
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber McGehee • Keller Williams Realty Group
Mls Name: GALMLS
Mls ID: #21436062