1303 40th StPhenix 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 1303 40th St, Phenix City, AL, 36867 uses $56,687 cash to close to unlock $4,845/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $837/mo payment keeps the spread at $404/mo. Purchase price stands at $171,000, and rental yield measures 9.61% with $1,369/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $47,244 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash records $83,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $837/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.25 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: Norman Hardman • Prestige Property Brokers
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E100744
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.