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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Phenix City at 1902 16th Pl, Phenix City, AL, 36867 generates $1,580/mo in rent and, after a $929/mo payment, leaves $452/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $5,429/yr on $62,952 invested. Return on cash invested sits at 28.53% in year one, and rental yield is 9.98% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 148.81% and total cumulative return in cash sums $93,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
| 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 |
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
Date | Event | Price |
|---|---|---|
| 2024-10-06 | Listed for sale | $189,900 |
| 2022-08-20 | Listing removed | N/A |
| 2022-07-15 | Price change | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1433.70 | 259.16% | $24,300 | 202.99% |
| 2022-11-11 | $399.18 | 6.28% | $8,020 | 5.25% |
| 2021-11-11 | $375.58 | 10.41% | $7,620 | 8.55% |
Listed by: Shannon Wilson • Wilson Realty Company
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99361
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.
