5202 32nd St SWLanettAL36863
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 5202 32nd St SW, Lanett, AL, 36863 in Lanett: $1,219/mo in rent, $338/mo in net income, 9.38% gross yield, 1.74 DSCR, all at $156,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $43,100 in appreciation and $1,437/yr in principal paydown projects total cumulative return of $80,602.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $338 | $500 |
City averages based on Lanett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,219 |
| Total Monthly Debt Service | $818 |
| DSCR Ratio | 1.49x |
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 1976
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
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 1976
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices