1508 N 4th Ave, Lanett, AL, 36863 | $439/mo Cash Flow

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1508 N 4th Ave, Lanett, AL, 36863 | $439/mo Cash Flow | Ziffy

For Sale

Rental Income

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lanett at 1508 N 4th Ave, Lanett, AL, 36863 uses $95,804 cash to close to unlock $5,271/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $2,071/mo, and a $1,415/mo payment keeps the spread at $439/mo. Purchase price stands at $289,000, and rental yield measures 8.6% with $2,071/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 131.67% and total cumulative return in cash records $126,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,071/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Single Family

Built in 1950

0.62 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a fantastic opportunity to own a spacious home with five bedrooms and four bathrooms, offering ample space for everyone. It's worth noting that the basement level offers one of the bedrooms and a full bathroom. The property has a lovely street presence with a great front yard, and out back, you'll find a useful fenced-in space perfect for pets or gardening. What truly sets this listing apart is the additional separate building out back. This detached structure includes a full kitchen, a full bathroom, and a convenient laundry room on the back, offering incredible potential as an in-law suite, a dedicated workspace, or a fantastic rental opportunity. Call to schedule your private tour!

Neighborhood Data

Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.

Housing Distribution

Housing Statistics

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