1114 S College St APT 4-302, Auburn, AL, 36832 | 5.93% Rental Yield

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1114 S College St APT 4-302, Auburn, AL, 36832 | 5.93% Rental Yield | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Auburn at 1114 S College St APT 4-302, Auburn, AL, 36832 earns from $1,483/mo rent with a $1,468/mo payment. Total monthly income totals $1,483/mo. ROI tracks 17.38% on current figures, and rental yield reads 5.93% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 88.59% and total cumulative return in cash sums $88,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,483/mo property income instead of your personal income.

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

Location, lifestyle, and investment potentialall in one! This well-kept 2-bedroom, 2-bathroom condo is ideally located just minutes from Auburn University, shopping, and dining. The open-concept layout creates a welcoming flow from the kitchen to the living area and out to a private balcony which is perfect for relaxing or entertaining. Each bedroom offers its own ensuite bathroom and spacious closet, providing comfort and privacy for residents or tenants alike. Enjoy access to community amenities such as a sparkling pool, fitness center, and volleyball court. Whether youre looking for a move-in-ready condo, a game day retreat, or an income-producing property, this Auburn condo checks every box.

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