501 6th St NWVernonAL35592
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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
Investment Highlights
Investment property for sale in Vernon at 501 6th St NW, Vernon, AL, 35592 uses $39,747 cash to close to unlock $10,381/yr annual cash flow and $865/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $587/mo payment keeps the spread at $865/mo. Purchase price stands at $119,900, and rental yield measures 15.43% with $1,542/mo rent. Return on cash invested shows 46.03% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 242.31% and total cumulative return in cash records $96,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,364 (60.0%) |
| Renter Occupied HU | 535 (23.5%) |
| Vacant Housing Units | 375 (16.5%) |
| Median Home Value | $136,699 |
| Average Home Value | $159,173 |
Housing Distribution
Address Breakdown
Residential
1,749
Single Family
1,709
Multi-Family
40
Businesses
201
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