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Market MapTroy, AL
Metropolitan Area

Troy, AL

Alabama0
62
/100
Buy
#453 of 894 metros
Top 51% nationally for investing

Market Snapshot

$165,766
Median Home Price
35% below national median
$1,089/mo
Median Rent
21% below national median
7.89%
Rent-to-Price Ratio
Top 12% nationally
-$161
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$165,766
Down Payment (20%)$33,153
Loan Amount$132,613
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,089
Monthly P&I-$869
Est. Expenses (35%)-$381
Net Cash Flow-$160/mo
5.1%
Cap Rate (all cash)
-5.0%
Cash-on-Cash Return
7.89%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.1% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
62/100
62
Cash Flow(30%)
79/100

Based on 7.89% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
27/100

Based on -5.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
94/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.89%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-5.0% YoY)
  • -Negative leverage (cap rate 5.1% < mortgage rate 6.9%)

Counties in Troy, AL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Ogdensburg, NY
Ogdensburg, NY
82$144,973$1,1699.67%Strong BuyView
Centralia, IL
Centralia, IL
82$123,413Est.Strong BuyView
McAlester, OK
McAlester, OK
82$151,079$1,1909.45%Strong BuyView
Snyder, TX
Snyder, TX
82$150,206$1,30010.39%Strong BuyView
Abilene, TX
Abilene, TX
82$217,009$1,82710.10%Strong BuyView
Current
Troy, AL
62$165,766$1,0897.89%Buy

The Bottom Line

BuyTroy, AL offers solid investment potential with good cash flow or appreciation prospects.

The Troy, AL metro area scores 62/100, ranking #453 of 894 US metros (top 51%). The 7.89% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow
$-161/mo
Cap Rate
5.1%
Cash-on-Cash
-5.8%

Ready to Invest in Troy, AL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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