701 McRae StAtmoreAL36502
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 701 McRae St, Atmore, AL, 36502 in Atmore worth modelling. At $185,000 with a 7.98% gross yield, the $1,230/mo rent leaves $186/mo after the $832/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.48 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $51,112 by year five; $1,704/yr in principal reduction adds further equity. Total projected return: $81,701.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 8.0% |
| Monthly Cash Flow | $186 | $500 |
City averages based on Atmore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,230 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.27x |
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 1979
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36502, Atmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,598 (100%) |
| Owner Occupied HU | 4,436 (58.4%) |
| Renter Occupied HU | 2,196 (28.9%) |
| Vacant Housing Units | 966 (12.7%) |
| Median Home Value | $150,761 |
| Average Home Value | $170,867 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,691
Multi-Family
255
Businesses
559
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 1979
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36502, Atmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,598 (100%) |
| Owner Occupied HU | 4,436 (58.4%) |
| Renter Occupied HU | 2,196 (28.9%) |
| Vacant Housing Units | 966 (12.7%) |
| Median Home Value | $150,761 |
| Average Home Value | $170,867 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,691
Multi-Family
255
Businesses
559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices