841 Olde Mill TrceCottondaleAL35453
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 841 Olde Mill Trce, Cottondale, AL, 35453 in Cottondale speaks for itself: 10.25% gross on a $259,900 price, generating $2,220/mo in rent and $753/mo in net income after the $1,169/mo debt service. DSCR 1.90, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,036 stacks alongside $71,806 in projected five-year appreciation and $2,394/yr in principal reduction. Projected total cumulative return: $146,424.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $753 | $300 |
City averages based on Cottondale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,220 |
| Total Monthly Debt Service | $1,364 |
| DSCR Ratio | 1.63x |
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 1983
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35453, Cottondale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,835 (100%) |
| Owner Occupied HU | 4,067 (69.7%) |
| Renter Occupied HU | 1,191 (20.4%) |
| Vacant Housing Units | 577 ( 9.9%) |
| Median Home Value | $255,621 |
| Average Home Value | $264,736 |
Housing Distribution
Address Breakdown
Residential
5,080
Single Family
5,070
Multi-Family
10
Businesses
266
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 1983
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35453, Cottondale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,835 (100%) |
| Owner Occupied HU | 4,067 (69.7%) |
| Renter Occupied HU | 1,191 (20.4%) |
| Vacant Housing Units | 577 ( 9.9%) |
| Median Home Value | $255,621 |
| Average Home Value | $264,736 |
Housing Distribution
Address Breakdown
Residential
5,080
Single Family
5,070
Multi-Family
10
Businesses
266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Loren Elmore Thomley • Keller Williams Tuscaloosa
Mls Name: WAMLS
Mls ID: #171764