1794 Covington Rdg #402AuburnAL36830
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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 1794 Covington Rdg #402, Auburn, AL, 36830 generates $1,151/mo in rent, after a $4,111/mo payment. Total monthly income is $1,151/mo. Return on cash invested sits at 4.47% in year one, and rental yield is 1.64% on a $839,900 entry. Equity gained on principal adds $5,420/yr, while 5% annual appreciation builds toward $232,049 over five years. Five-year ROI reaches 19.31% and total cumulative return in cash sums $53,359. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,151/mo property income rather than buyer’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Housing Distribution
Address Breakdown
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
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