510 Martin Luther King DrLafayetteAL36862
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 510 Martin Luther King Dr, Lafayette, AL, 36862 in Lafayette is straightforward: $190,000 in, $1,523/mo in rent, $451/mo out after debt service. The 9.62% gross yield and 1.78 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $52,494 by year five. With $1,750/yr in principal equity, the total cumulative return is projected at $100,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $451 | $450 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,523 |
| Total Monthly Debt Service | $997 |
| DSCR Ratio | 1.53x |
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 2024
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
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 2024
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36862, Lafayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,750 (100%) |
| Owner Occupied HU | 1,680 (61.1%) |
| Renter Occupied HU | 656 (23.9%) |
| Vacant Housing Units | 414 (15.1%) |
| Median Home Value | $162,011 |
| Average Home Value | $224,719 |
Housing Distribution
Address Breakdown
Residential
2,413
Single Family
2,413
Multi-Family
0
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: REGENIA MANGRAM • IVY LEAGUE REALTY
Mls Name: LCMLS
Mls ID: #171358
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.