1104 N 18th StLanettAL36863
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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 Lanett at 1104 N 18th St, Lanett, AL, 36863 listed at $650,000 pairs $3,918/mo rent with a $3,181/mo payment to leave $250/mo cash flow. Total monthly income runs $3,918/mo, and annual cash flow reaches $2,994/yr on $213,850 cash to close. Return on cash invested measures 21.46% in year one, and rental yield registers 7.23% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 110.41% and total cumulative return in cash totals $236,114. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,918/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1840
12.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Housing Distribution
Address Breakdown
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
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Listed by: CARTER BROWN • EXP REALTY - SOUTHERN BRANCH
Mls Name: LCMLS
Mls ID: #174507
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.