37 Richardson DrDalevilleAL36322
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 37 Richardson Dr, Daleville, AL, 36322 in Daleville worth modelling. At $239,900 with a 7.65% gross yield, the $1,524/mo rent leaves $146/mo after the $1,079/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.41 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $66,280 by year five; $2,210/yr in principal reduction adds further equity. Total projected return: $99,573.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.5% |
| Monthly Cash Flow | $146 | $250 |
City averages based on Daleville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,524 |
| Total Monthly Debt Service | $1,288 |
| DSCR Ratio | 1.18x |
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 1968
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36322, Daleville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,476 (100%) |
| Owner Occupied HU | 2,234 (49.9%) |
| Renter Occupied HU | 1,621 (36.2%) |
| Vacant Housing Units | 621 (13.9%) |
| Median Home Value | $144,384 |
| Average Home Value | $153,189 |
Housing Distribution
Address Breakdown
Residential
4,006
Single Family
3,972
Multi-Family
34
Businesses
360
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 1968
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36322, Daleville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,476 (100%) |
| Owner Occupied HU | 2,234 (49.9%) |
| Renter Occupied HU | 1,621 (36.2%) |
| Vacant Housing Units | 621 (13.9%) |
| Median Home Value | $144,384 |
| Average Home Value | $153,189 |
Housing Distribution
Address Breakdown
Residential
4,006
Single Family
3,972
Multi-Family
34
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KAYLA TICE • Heritage Home Realty
Mls Name: Wiregrass BOR
Mls ID: #553940
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.