1902 16th CtPhenix 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 1902 16th Ct, Phenix City, AL, 36867 uses $38,089 cash to close to unlock $5,662/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,120/mo, and a $562/mo payment keeps the spread at $472/mo. Purchase price stands at $114,900, and rental yield measures 11.7% with $1,120/mo rent. Return on cash invested shows 34.77% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 181.85% and total cumulative return in cash records $69,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,120/mo property income covering a $562/mo payment rather than investor’s personal income.
Multi Family
Built in 2008
0.34 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: David Stanton • All Star Realty
Mls Name: CBORGA
Mls Provider:
Mls ID: #222067
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.