14 Lemon WayPhenix CityAL36869
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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 14 Lemon Way, Phenix City, AL, 36869 uses $80,521 cash to close to unlock $3,634/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $1,189/mo payment keeps the spread at $303/mo. Purchase price stands at $242,900, and rental yield measures 8.27% with $1,674/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $67,109 over five years. Five-year ROI reaches 126.33% and total cumulative return in cash records $101,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36869, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,978 (100%) |
| Owner Occupied HU | 4,896 (49.1%) |
| Renter Occupied HU | 3,977 (39.9%) |
| Vacant Housing Units | 1,105 (11.1%) |
| Median Home Value | $141,605 |
| Average Home Value | $170,815 |
Housing Distribution
Address Breakdown
Residential
9,240
Single Family
8,314
Multi-Family
926
Businesses
256
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Listed by: Matt Perdue • Platinum Properties
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E98196
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.