2 Lakewood CirPhenix 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 2 Lakewood Cir, Phenix City, AL, 36867 uses $111,053 cash to close to unlock $5,472/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,640/mo payment keeps the spread at $456/mo. Purchase price stands at $335,000, and rental yield measures 8.54% with $2,383/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 128.74% and total cumulative return in cash records $142,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.43 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: Amy Littleton • Homelink Realty
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E102041
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.