407 Forest CirTroyAL36081
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderNot flashy, but dependably profitable, 407 Forest Cir, Troy, AL, 36081 in Troy is listed at $388,000 and delivers $2,480/mo in rent and $290/mo in net monthly cash flow. The 7.67% yield and 1.42 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $107,197 over five years, and $3,574/yr in principal reduction supplements cash return. Total projected cumulative return: $164,849.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.0% |
| Monthly Cash Flow | $290 | $1,200 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,480 |
| Total Monthly Debt Service | $2,036 |
| DSCR Ratio | 1.22x |
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 1994
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36081, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,894 (100%) |
| Owner Occupied HU | 3,190 (40.4%) |
| Renter Occupied HU | 3,586 (45.4%) |
| Vacant Housing Units | 1,118 (14.2%) |
| Median Home Value | $193,649 |
| Average Home Value | $253,155 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
6,618
Multi-Family
723
Businesses
844
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 1994
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36081, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,894 (100%) |
| Owner Occupied HU | 3,190 (40.4%) |
| Renter Occupied HU | 3,586 (45.4%) |
| Vacant Housing Units | 1,118 (14.2%) |
| Median Home Value | $193,649 |
| Average Home Value | $253,155 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
6,618
Multi-Family
723
Businesses
844
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
