209 24th StOpelikaAL36801
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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 Opelika at 209 24th St, Opelika, AL, 36801 uses $62,322 cash to close to unlock $4,548/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $920/mo payment keeps the spread at $379/mo. Purchase price stands at $188,000, and rental yield measures 9.36% with $1,466/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 141.4% and total cumulative return in cash records $88,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36801, Opelika, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,929 (100%) |
| Owner Occupied HU | 6,174 (51.8%) |
| Renter Occupied HU | 4,873 (40.9%) |
| Vacant Housing Units | 882 ( 7.4%) |
| Median Home Value | $257,616 |
| Average Home Value | $280,849 |
Housing Distribution
Address Breakdown
Residential
11,424
Single Family
9,714
Multi-Family
1,710
Businesses
1,313
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Listed by: JON LOMAX • LURE
Mls Name: LCMLS
Mls ID: #171240
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.