1822 2nd Ave, Phenix City, AL, 36867 | $327/mo Cash Flow

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1822 2nd Ave, Phenix City, AL, 36867 | $327/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 Phenix City at 1822 2nd Ave, Phenix City, AL, 36867 uses $59,637 cash to close to unlock $3,925/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,343/mo, and a $881/mo payment keeps the spread at $327/mo. Purchase price stands at $179,900, and rental yield measures 8.96% with $1,343/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 137.51% and total cumulative return in cash records $82,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,343/mo property income covering a $881/mo payment rather than investor’s personal income.

Multi Family

Built in 2008

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Low maintenance duplex near downtown Phenix City only a block and a half from public access to the riverwalk. This price also includes 2 lots across the street where the owner had planned to build 2 more duplexes (parcels 57 05 01 11 4 402 097.000 and 001). None of the properties are in the floodplain. Each side is a 2 BR, 1 BA owned by the original owner/builder (2008). The units have dishwashers, microwaves, refrigerators and w/d connections. They are currently rented at $650 and $725, but market rent will be higher. Tenants pay all utilities. Inside of the units will be shown during due diligence period with an accepted offer.

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