503 County Road 1396FalkvilleAL35622
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 503 County Road 1396, Falkville, AL, 35622 in Falkville: $1,429/mo in rent, $470/mo in net income, 10.09% gross yield, 1.87 DSCR, all at $169,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $46,940 in appreciation and $1,565/yr in principal paydown projects total cumulative return of $94,287.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $470 | $300 |
City averages based on Falkville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,429 |
| Total Monthly Debt Service | $891 |
| DSCR Ratio | 1.60x |
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.
Manufactured
Built in 2006
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35622, Falkville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 2,304 (73.8%) |
| Renter Occupied HU | 558 (17.9%) |
| Vacant Housing Units | 259 ( 8.3%) |
| Median Home Value | $215,035 |
| Average Home Value | $253,415 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,957
Multi-Family
0
Businesses
115
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
Manufactured
Built in 2006
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35622, Falkville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 2,304 (73.8%) |
| Renter Occupied HU | 558 (17.9%) |
| Vacant Housing Units | 259 ( 8.3%) |
| Median Home Value | $215,035 |
| Average Home Value | $253,415 |
Housing Distribution
Address Breakdown
Residential
2,957
Single Family
2,957
Multi-Family
0
Businesses
115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacey Smith • NextHome Limitless Realty
Mls Name: Strategic MLS Alliance
Mls ID: #522150
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.