164 E University Dr APT J204, Auburn, AL, 36832 | $354/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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164 E University Dr APT J204, Auburn, AL, 36832 | $354/mo Cash Flow | Ziffy

For Sale

Rental Income

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 Auburn at 164 E University Dr APT J204, Auburn, AL, 36832 earns $354/mo cash flow from $1,483/mo rent with a $979/mo payment. Total monthly income totals $1,483/mo, and annual cash flow totals $4,248/yr on $66,300 capital. ROI tracks 26.32% on current figures, and rental yield reads 8.9% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 136.48% and total cumulative return in cash sums $90,488. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,483/mo property income instead of your personal income.

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Lakewood Commons! This beautifully maintained 2 bedroom, 2.5 bathroom condo offers the perfect combination of comfort, convenience, and Auburn charm. Centrally located and on the Tiger Transit route, this two-story unit features a spacious eat-in kitchen, two private balconies overlooking the lake and walking trails, and water included in the HOA fee. Enjoy peaceful lake views framed by stunning fall colors a truly serene setting that makes this unit stand out. Inside, youll find a clean, well-kept interior with thoughtful updates throughout. Community amenities include a pool, tennis court, and basketball court, giving you plenty of ways to relax and unwind. Short-term rentals are allowed, making this an ideal opportunity for both homeowners and investors alike!

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