1013 Stonegate Dr APT B, Auburn, AL, 36832 | $822/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1013 Stonegate Dr APT B, Auburn, AL, 36832 | $822/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Auburn at 1013 Stonegate Dr APT B, Auburn, AL, 36832 offers a 11.73% rental yield on a $199,000 purchase with $1,945/mo rent. Total monthly income registers $1,945/mo, and a $974/mo payment leaves $822/mo available for distribution. Annual cash flow reaches $9,861/yr on $65,969 to close, and return on cash invested stands at 34.86% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 182.3% and total cumulative return in cash at $120,258. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,945/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious 2 bed, 2 bath condo in Crossland Downsbeing sold AS IS! With over 1,400 sq ft and a versatile upstairs loft, this unit offers plenty of room for study space, a second living area, or your own cozy retreat. Whether you're a student, vet student, or just want a convenient gameday getaway, this location puts you close to everything Auburn has to offer. HOA covers exterior maintenance, water, garbage, and access to community amenities including the pool and common areas. Low maintenance, high potentialdont miss this opportunity! Tenant is month to month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,078 (100%)
Owner Occupied HU	5,793 (36.0%)
Renter Occupied HU	8,478 (52.7%)
Vacant Housing Units	1,807 (11.2%)
Median Home Value	$295,260
Average Home Value	$326,059