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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 Auburn at 159 Solamere Ln, Auburn, AL, 36832 offers a 7.01% rental yield on a $369,900 purchase with $2,160/mo rent. 28% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 99.3% and total cumulative return in cash at $121,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
8,712 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 |
|---|---|---|
| 2024-07-22 | Listed for sale | $369,900 |
| 2018-05-05 | Listing removed | $1,800 |
| 2018-05-03 | Listed for rent | $1,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $3119.04 | 3.51% | $57,760 | 3.51% |
| 2022-11-11 | $3013.20 | 3.72% | $55,800 | 3.72% |
| 2021-11-11 | $2905.20 | -3.06% | $53,800 | -3.06% |
Listed by: HAYLEY REAL ESTATE TEAM • HAYLEY ENTERPRISES
Mls Name: LCMLS
Mls ID: #171060
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.
