208 Melrose LnDothanAL36303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Dothan at 208 Melrose Ln, Dothan, AL, 36303 at $216,700 posts ROI 29.51% with $574/mo cash flow from $1,798/mo rent. Total monthly income equals $1,798/mo, and annual cash flow records $6,894/yr on $71,836 to close. Return on cash invested measures 29.51% and rental yield reads 9.96% at the current $216,700. Equity gained on principal adds $1,398/yr, and 5% annual appreciation supports $59,870 by year five. Five-year ROI prints 153.61% and total cumulative return in cash totals $110,347.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,798/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36303, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 7,778 (50.0%) |
| Renter Occupied HU | 6,073 (39.0%) |
| Vacant Housing Units | 1,701 (10.9%) |
| Median Home Value | $200,499 |
| Average Home Value | $238,145 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
12,201
Multi-Family
1,889
Businesses
1,895
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