591 Farm Supply RdLaceys SpringAL35754
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 591 Farm Supply Rd, Laceys Spring, AL, 35754 in Laceys Spring at $349,900 earns $2,054/mo in rent and nets $79/mo after the $1,573/mo payment, a 7.05% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $96,671 over five years. Ziffy Mortgage underwrites this on a 1.31 DSCR without U.S. credit history. With $3,223/yr in principal paydown, total projected return reaches $136,966.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.2% |
| Monthly Cash Flow | $79 | $300 |
City averages based on Laceys Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,054 |
| Total Monthly Debt Service | $1,836 |
| DSCR Ratio | 1.12x |
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 1971
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35754, Laceys Spring, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,371 (100%) |
| Owner Occupied HU | 1,681 (70.9%) |
| Renter Occupied HU | 444 (18.7%) |
| Vacant Housing Units | 246 (10.4%) |
| Median Home Value | $326,247 |
| Average Home Value | $328,328 |
Housing Distribution
Address Breakdown
Residential
2,221
Single Family
2,221
Multi-Family
0
Businesses
127
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 1971
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35754, Laceys Spring, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,371 (100%) |
| Owner Occupied HU | 1,681 (70.9%) |
| Renter Occupied HU | 444 (18.7%) |
| Vacant Housing Units | 246 (10.4%) |
| Median Home Value | $326,247 |
| Average Home Value | $328,328 |
Housing Distribution
Address Breakdown
Residential
2,221
Single Family
2,221
Multi-Family
0
Businesses
127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda King • Re/Max Heritage
Mls Name: ValleyMLS
Mls ID: #21896485