1705 Carriage DrPhenix CityAL36867
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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
Investment property for sale in Phenix City at 1705 Carriage Dr, Phenix City, AL, 36867 with 5% annual appreciation on a $274,900 basis while $2,482/mo rent supports operations. Total monthly income totals $2,482/mo and a $1,346/mo payment preserves $895/mo for cash returns. Annual cash flow comes to $10,736/yr on $91,129 deployed, and return on cash invested reaches 31.69% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 10.83%. Five-year ROI measures 165.49% and total cumulative return in cash totals $150,807.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,482/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
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Listed by: Danny Redmon • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E97025
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.