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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 Auburn at 1031 E Magnolia Ave, Auburn, AL, 36830 offers $2,700/mo rent that, after a $1,835/mo payment, leaves $584/mo cash flow. Total monthly income is $2,700/mo, and annual cash flow is $7,005/yr on $124,313 cash. Return on cash invested measures 25.54% in year one, and rental yield stands at 8.64% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 132.35% and total cumulative return in cash reaches $164,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,700/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $375,000 |
| 2024-06-29 | Listing removed | N/A |
| 2024-06-08 | Listed for rent | $2,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | $1138.24 | 4.56% | $22,060 | 4.35% |
| 2022-04-18 | $1088.56 | -10.32% | $21,140 | -9.89% |
| 2021-04-18 | $1213.84 | 18.69% | $23,460 | 17.77% |
Listed by: ALEX ACUFF MARY GAIL WEEKLEY TEAM • EXP REALTY - ACUFF WEEKLEY GROUP
Mls Name: LCMLS
Mls ID: #174375
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.
