1103 28th PlPhenix CityAL36867
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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 Phenix City at 1103 28th Pl, Phenix City, AL, 36867 uses $75,914 cash to close to unlock $7,527/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,121/mo payment keeps the spread at $627/mo. Purchase price stands at $229,000, and rental yield measures 10.06% with $1,920/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 155.35% and total cumulative return in cash records $117,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,988 (100%) |
| Owner Occupied HU | 4,689 (42.7%) |
| Renter Occupied HU | 5,283 (48.1%) |
| Vacant Housing Units | 1,016 ( 9.2%) |
| Median Home Value | $205,048 |
| Average Home Value | $271,717 |
Housing Distribution
Address Breakdown
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
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Listed by: David Hickox • Keller Williams Realty River Cities
Mls Name: CBORGA
Mls ID: #226736