146 E University Dr APT A207AuburnAL36832
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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 146 E University Dr APT A207, Auburn, AL, 36832 uses $60,002 cash to close to unlock $4,983/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $1,637/mo, and a $886/mo payment keeps the spread at $415/mo. Purchase price stands at $181,000, and rental yield measures 10.85% with $1,637/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 148.17% and total cumulative return in cash records $88,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $886/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
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Listed by: SYLVIA MANCHA PAUL • PRESTIGE PROPERTIES, INC.
Mls Name: LCMLS
Mls ID: #170868
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.