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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Phenix City at 10 Forest Ridge Ln, Phenix City, AL, 36869 offers $1,710/mo rent that, after a $1,251/mo payment, leaves $122/mo cash flow. Total monthly income is $1,710/mo, and annual cash flow is $1,469/yr on $84,698 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 8.03% at a $255,500 entry. Equity gained on principal adds $1,649/yr while 5% annual appreciation compounds into $70,590 by year five. Five-year ROI records 112.21% and total cumulative return in cash reaches $95,037. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,710/mo property income versus a $1,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36869, Phenix City, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,978 (100%) |
| Owner Occupied HU | 4,896 (49.1%) |
| Renter Occupied HU | 3,977 (39.9%) |
| Vacant Housing Units | 1,105 (11.1%) |
| Median Home Value | $141,605 |
| Average Home Value | $170,815 |
Residential
9,240
Single Family
8,314
Multi-Family
926
Businesses
256
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Listing removed | $269,900 |
| 2024-07-25 | Listed for sale | $269,900 |
| 2024-07-09 | Pending sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-28 | $2761.20 | 11.69% | $46,800 | 11.69% |
| 2022-05-28 | $2472.10 | 11.67% | $41,900 | 11.67% |
| 2021-05-28 | $2213.68 | 10.87% | $37,520 | 10.87% |
Listed by: Cameron Kash • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E100978
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.
