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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 Phenix City at 1607 Fletcher Dr, Phenix City, AL, 36867 generates $2,321/mo in rent and, after a $1,199/mo payment, leaves $848/mo in cash flow. Total monthly income is $2,321/mo, and annual cash flow is $10,176/yr on $81,218 invested. Return on cash invested sits at 32.44% in year one, and rental yield is 11.37% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 169.84% and total cumulative return in cash sums $137,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,321/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,988 (100%) |
| Owner Occupied HU | 4,689 (42.7%) |
| Renter Occupied HU | 5,283 (48.1%) |
| Vacant Housing Units | 1,016 ( 9.2%) |
| Median Home Value | $205,048 |
| Average Home Value | $271,717 |
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
Date | Event | Price |
|---|---|---|
| 2024-12-31 | Sold | $245,000 |
| 2024-10-31 | Contingent | $249,900 |
| 2024-09-12 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $2064.00 | 6.77% | $34,400 | 6.77% |
| 2022-10-22 | $1933.20 | 19.87% | $32,220 | 19.87% |
| 2021-10-22 | $1612.80 | 10.34% | $26,880 | 10.34% |
Listed by: Mls Non • Non MLS Sale
Mls Name: CBORGA
Mls Provider:
Mls ID: #218696
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
