613 W Main StAlbertvilleAL35950
INVESTMENT ANALYSIS
Investment Verdict
Solid Income613 W Main St, Albertville, AL, 35950 in Albertville is a solid income-producing rental, 9.75% gross yield, $1,380/mo rent, $421/mo net cash flow on a $169,900 buy. DSCR 1.81 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $46,940 and $1,565/yr in principal reduction project a total cumulative return of $91,131.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $421 | $400 |
City averages based on Albertville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,380 |
| Total Monthly Debt Service | $891 |
| DSCR Ratio | 1.55x |
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 2008
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35950, Albertville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,508 (100%) |
| Owner Occupied HU | 5,109 (60.0%) |
| Renter Occupied HU | 2,948 (34.6%) |
| Vacant Housing Units | 451 ( 5.3%) |
| Median Home Value | $160,244 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
8,069
Single Family
7,612
Multi-Family
457
Businesses
1,013
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 2008
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35950, Albertville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,508 (100%) |
| Owner Occupied HU | 5,109 (60.0%) |
| Renter Occupied HU | 2,948 (34.6%) |
| Vacant Housing Units | 451 ( 5.3%) |
| Median Home Value | $160,244 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
8,069
Single Family
7,612
Multi-Family
457
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: ValleyMLS
Mls ID: #21911910