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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 110 23rd Ct, Phenix City, AL, 36869 generates $1,349/mo in rent and, after a $710/mo payment, leaves $461/mo in cash flow. Total monthly income is $1,349/mo, and annual cash flow is $5,531/yr on $48,068 invested. Return on cash invested sits at 31.42% in year one, and rental yield is 11.16% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 164.46% and total cumulative return in cash sums $79,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,349/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.52 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 |
|---|---|---|
| 2025-06-17 | Sold | $145,000 |
| 2025-05-12 | Contingent | $159,000 |
| 2025-05-07 | Listed for sale | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-07 | $1412.46 | 23.02% | $23,940 | 23.02% |
| 2022-07-07 | $1148.14 | 15.70% | $19,460 | 15.70% |
| 2021-07-07 | $992.38 | 4.34% | $16,820 | 4.34% |
Listed by: Mike Foley • Coldwell Banker Kpdd - Phenix City
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E98383
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.
