1300 Melanie LnPhenix 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
Rental property for sale in Phenix City at 1300 Melanie Ln, Phenix City, AL, 36867 offers $2,425/mo rent that, after a $1,739/mo payment, leaves $420/mo cash flow. Total monthly income is $2,425/mo, and annual cash flow is $5,035/yr on $117,749 cash. Return on cash invested measures 24.19% in year one, and rental yield stands at 8.19% at a $355,200 entry. Equity gained on principal adds $2,292/yr while 5% annual appreciation compounds into $98,135 by year five. Five-year ROI records 125.08% and total cumulative return in cash reaches $147,278. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,425/mo property income versus a $1,739/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
3 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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