615 Sledmere DrKillenAL35645
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 615 Sledmere Dr, Killen, AL, 35645 in Killen: $2,369/mo in rent, $314/mo in net income, 7.81% gross yield, 1.45 DSCR, all at $364,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $100,566 in appreciation and $3,352/yr in principal paydown projects total cumulative return of $157,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 8.0% |
| Monthly Cash Flow | $314 | $150 |
City averages based on Killen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,369 |
| Total Monthly Debt Service | $1,910 |
| DSCR Ratio | 1.24x |
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 2023
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35645, Killen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,102 (100%) |
| Owner Occupied HU | 4,615 (75.6%) |
| Renter Occupied HU | 943 (15.5%) |
| Vacant Housing Units | 544 ( 8.9%) |
| Median Home Value | $274,541 |
| Average Home Value | $326,071 |
Housing Distribution
Address Breakdown
Residential
6,017
Single Family
6,017
Multi-Family
0
Businesses
289
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 2023
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35645, Killen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,102 (100%) |
| Owner Occupied HU | 4,615 (75.6%) |
| Renter Occupied HU | 943 (15.5%) |
| Vacant Housing Units | 544 ( 8.9%) |
| Median Home Value | $274,541 |
| Average Home Value | $326,071 |
Housing Distribution
Address Breakdown
Residential
6,017
Single Family
6,017
Multi-Family
0
Businesses
289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Minetree • The Agency on Pine
Mls Name: Strategic MLS Alliance
Mls ID: #518828
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.