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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% |
Investment property for sale in Lanett at 1409 N 4th Ave, Lanett, AL, 36863 earns $857/mo cash flow from $2,280/mo rent with a $1,199/mo payment. Total monthly income totals $2,280/mo, and annual cash flow totals $10,284/yr on $81,218 capital. ROI tracks 32.57% on current figures, and rental yield reads 11.17% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 170.3% and total cumulative return in cash sums $138,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Single Family
Built in 1977
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Price change | $245,000 |
| 2024-08-16 | Listed for sale | $259,000 |
| 2022-10-31 | Sold | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $1463.46 | 74.22% | $25,260 | 57.88% |
| 2022-01-29 | $840.00 | -27.93% | $16,000 | -27.93% |
| 2021-01-29 | $1165.50 | -12.18% | $22,200 | -12.18% |
Listed by: SHARRON HILL FARRAR • HOMELINK REALTY
Mls Name: LCMLS
Mls ID: #173181
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.
