408 Stone StGlencoeAL35905
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 408 Stone St, Glencoe, AL, 35905 in Glencoe earns a 8.49% gross yield at $205,000. Rent of $1,521/mo nets $307/mo after the $922/mo mortgage. The 1.65 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $56,638 and $1,888/yr in equity accumulation project a total cumulative return of $100,677.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.2% |
| Monthly Cash Flow | $307 | $250 |
City averages based on Glencoe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,521 |
| Total Monthly Debt Service | $1,076 |
| DSCR Ratio | 1.41x |
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 N/A
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35905, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,864 (100%) |
| Owner Occupied HU | 2,150 (75.1%) |
| Renter Occupied HU | 497 (17.4%) |
| Vacant Housing Units | 217 ( 7.6%) |
| Median Home Value | $233,504 |
| Average Home Value | $231,655 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,919
Multi-Family
0
Businesses
180
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 N/A
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35905, Gadsden, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,864 (100%) |
| Owner Occupied HU | 2,150 (75.1%) |
| Renter Occupied HU | 497 (17.4%) |
| Vacant Housing Units | 217 ( 7.6%) |
| Median Home Value | $233,504 |
| Average Home Value | $231,655 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,919
Multi-Family
0
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices