113 N Herring StDothanAL36303
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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 Dothan at 113 N Herring St, Dothan, AL, 36303 with 5% annual appreciation on a $115,900 basis while $874/mo rent supports operations. Total monthly income totals $874/mo and a $567/mo payment preserves $220/mo for cash returns. Annual cash flow comes to $2,641/yr on $38,421 deployed, and return on cash invested reaches 26.78% in year one. Equity gained on principal adds $748/yr, and five-year appreciation sums $32,021 alongside rental yield of 9.05%. Five-year ROI measures 139.12% and total cumulative return in cash totals $53,452.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $874/mo property income versus a $567/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36303, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 7,778 (50.0%) |
| Renter Occupied HU | 6,073 (39.0%) |
| Vacant Housing Units | 1,701 (10.9%) |
| Median Home Value | $200,499 |
| Average Home Value | $238,145 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
12,201
Multi-Family
1,889
Businesses
1,895
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Listed by: JACKIE WHITEHEAD • ERA PORCHLIGHT PROPERTIES
Mls Name: WBOR
Mls ID: #552871
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.