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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Auburn at 1408 Cloverbrook Cir, Auburn, AL, 36832 priced at $355,000 converts $2,160/mo rent into $156/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $1,869/yr on $117,683 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 7.3% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 110.66% and total cumulative return in cash sums $130,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,078 (100%) |
| Owner Occupied HU | 5,793 (36.0%) |
| Renter Occupied HU | 8,478 (52.7%) |
| Vacant Housing Units | 1,807 (11.2%) |
| Median Home Value | $295,260 |
| Average Home Value | $326,059 |
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
Date | Event | Price |
|---|---|---|
| 2024-11-07 | Listed for sale | $355,000 |
| 2024-11-01 | Pending sale | $355,000 |
| 2024-10-14 | Listed for sale | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1393.12 | 11.11% | $26,780 | 10.66% |
| 2022-11-11 | $1253.80 | -0.43% | $24,200 | -0.41% |
| 2021-11-11 | $1259.20 | 6.29% | $24,300 | 6.02% |
Listed by: KRISTEN MCGRAW • CRAWFORD WILLIS GROUP
Mls Name: LCMLS
Mls ID: #171881
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.
