164 E University DrAuburnAL36832
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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
Rental property for sale in Auburn at 164 E University Dr, Auburn, AL, 36832 priced at $142,000 pairs $1,096/mo rent with $295/mo cash flow after a $695/mo payment. Total monthly income equals $1,096/mo, and annual cash flow comes to $3,534/yr on $47,073 invested. Return on cash invested is 27.42% in year one, and rental yield stands at 9.26% on a $142,000 basis. Equity gained on principal adds $916/yr, and 5% annual appreciation accumulates to $39,232 by year five. Five-year ROI measures 142.43% and total cumulative return in cash reaches $67,046. For financing, Ziffy Mortgage’s DSCR program evaluates $1,096/mo property income against a $695/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No 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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