1061 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 1061 Stonegate Dr APT C, Auburn, AL, 36832 offers a 7.58% rental yield on a $186,100 purchase with $1,176/mo rent. Total monthly income registers $1,176/mo, and a $911/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,505/yr on $61,692 to close, and return on cash invested stands at 22.35% in year one. Equity gained on principal adds $1,201/yr while 5% annual appreciation supports $51,416 over five years. Portfolio math shows five-year ROI at 115.25% and total cumulative return in cash at $71,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,176/mo property income against a $911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
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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