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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 2007 Carriage Dr, Phenix City, AL, 36867 generates $2,680/mo in rent and, after a $1,615/mo payment, leaves $793/mo in cash flow. Total monthly income is $2,680/mo, and annual cash flow is $9,514/yr on $109,362 invested. Return on cash invested sits at 28.61% in year one, and rental yield is 9.75% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 148.87% and total cumulative return in cash sums $162,807. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.80 Acres 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 |
|---|---|---|
| 2024-12-23 | Sold | $329,900 |
| 2024-11-23 | Pending sale | $329,900 |
| 2024-11-06 | Listed for sale | $329,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1616.94 | 6.86% | $28,660 | 6.54% |
| 2023-10-22 | $1513.10 | 15.49% | $26,900 | 14.66% |
| 2022-10-22 | $1310.14 | 20.12% | $23,460 | 18.84% |
What's Special
Permanent Stairs
Listed by: Brad Baker • Coldwell Banker / Kennon, Parker, Duncan & Davis
Mls Name: CBORGA
Mls Provider:
Mls ID: #217897
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.
