876 Boat Landing RdGordonAL36343
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Gordon rental at 876 Boat Landing Rd, Gordon, AL, 36343 sits in the solid-income band: 8.48% gross yield, $1,908/mo rent, $385/mo net after the $1,214/mo debt service, DSCR 1.57. Entry price of $269,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $74,568 and $2,486/yr in principal reduction bring total cumulative return to $126,440.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $385 | $1,500 |
City averages based on Gordon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,908 |
| Total Monthly Debt Service | $1,416 |
| DSCR Ratio | 1.35x |
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 2002
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36343, Gordon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 522 (70.4%) |
| Renter Occupied HU | 116 (15.6%) |
| Vacant Housing Units | 104 (14.0%) |
| Median Home Value | $161,111 |
| Average Home Value | $188,204 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
29
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 2002
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36343, Gordon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 522 (70.4%) |
| Renter Occupied HU | 116 (15.6%) |
| Vacant Housing Units | 104 (14.0%) |
| Median Home Value | $161,111 |
| Average Home Value | $188,204 |
Housing Distribution
Address Breakdown
Residential
723
Single Family
723
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelli Cundith • Coldwell Banker/Alfred Saliba
Mls Name: SAMLS
Mls ID: #203681
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.