619 County Road 786Flat RockAL35966
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 619 County Road 786, Flat Rock, AL, 35966 in Flat Rock. Rental yield 5.57%. At $399,900 with 5.57% gross yield, current distributions are modest, but the 5% appreciation rate projects $110,485 in new equity by year five, complemented by $3,683/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.03) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $124,873.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(402) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,855 |
| Total Monthly Debt Service | $2,098 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1950
38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35966, Flat Rock, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,649 (100%) |
| Owner Occupied HU | 1,240 (75.2%) |
| Renter Occupied HU | 265 (16.1%) |
| Vacant Housing Units | 144 ( 8.7%) |
| Median Home Value | $147,692 |
| Average Home Value | $190,710 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,635
Multi-Family
24
Businesses
62
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 1950
38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35966, Flat Rock, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,649 (100%) |
| Owner Occupied HU | 1,240 (75.2%) |
| Renter Occupied HU | 265 (16.1%) |
| Vacant Housing Units | 144 ( 8.7%) |
| Median Home Value | $147,692 |
| Average Home Value | $190,710 |
Housing Distribution
Address Breakdown
Residential
1,659
Single Family
1,635
Multi-Family
24
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Crocker Mullins • BHHS Southern Routes Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1504826
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS