406 Palmer CirLeroyAL36548
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Leroy rental at 406 Palmer Cir, Leroy, AL, 36548 sits in the solid-income band: 9.46% gross yield, $804/mo rent, $228/mo net after the $459/mo debt service, DSCR 1.75. Entry price of $102,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $28,181 and $939/yr in principal reduction bring total cumulative return to $53,126.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $228 | $1,200 |
City averages based on Leroy market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $804 |
| Total Monthly Debt Service | $535 |
| DSCR Ratio | 1.50x |
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.
Townhouse
Built in 1971
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36548, Leroy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 446 (100%) |
| Owner Occupied HU | 341 (76.5%) |
| Renter Occupied HU | 62 (13.9%) |
| Vacant Housing Units | 43 ( 9.6%) |
| Median Home Value | $213,176 |
| Average Home Value | $198,739 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
33
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
Townhouse
Built in 1971
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36548, Leroy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 446 (100%) |
| Owner Occupied HU | 341 (76.5%) |
| Renter Occupied HU | 62 (13.9%) |
| Vacant Housing Units | 43 ( 9.6%) |
| Median Home Value | $213,176 |
| Average Home Value | $198,739 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices