1029 Stonegate Dr APT CAuburnAL36832
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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
Investment Highlights
Investment property for sale in Auburn at 1029 Stonegate Dr APT C, Auburn, AL, 36832 uses $78,897 cash to close to unlock $1,674/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $1,165/mo payment keeps the spread at $140/mo. Purchase price stands at $238,000, and rental yield measures 7.48% with $1,483/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 113.54% and total cumulative return in cash records $89,578. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
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