1331 Garrett LnAuburnAL36830
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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 Auburn at 1331 Garrett Ln, Auburn, AL, 36830 with 5% annual appreciation on a $537,000 basis while $3,800/mo rent supports operations. Total monthly income totals $3,800/mo and a $2,628/mo payment preserves $760/mo for cash returns. Annual cash flow comes to $9,118/yr on $176,673 deployed, and return on cash invested reaches 25.22% in year one. Equity gained on principal adds $3,465/yr, and five-year appreciation sums $148,363 alongside rental yield of 8.49%. Five-year ROI measures 130.6% and total cumulative return in cash totals $230,732.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,800/mo property income versus a $2,628/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Housing Distribution
Address Breakdown
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
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Listed by: ANTHONY GREENLEE • HAYLEY ENTERPRISES
Mls Name: LCMLS
Mls ID: #174725
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.