2113 Covey DrWaverlyAL36879
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 Waverly at 2113 Covey Dr, Waverly, AL, 36879 at $374,993 posts ROI 30.39% with $1,086/mo cash flow from $3,202/mo rent. Total monthly income equals $3,202/mo, and annual cash flow records $13,029/yr on $124,310 to close. Return on cash invested measures 30.39% and rental yield reads 10.25% at the current $374,993. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,604 by year five. Five-year ROI prints 158.32% and total cumulative return in cash totals $196,813.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36879, Waverly, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 1,154 (77.6%) |
| Renter Occupied HU | 181 (12.2%) |
| Vacant Housing Units | 152 (10.2%) |
| Median Home Value | $334,633 |
| Average Home Value | $380,295 |
Housing Distribution
Address Breakdown
Residential
1,299
Single Family
1,299
Multi-Family
0
Businesses
33
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Listed by: MICHY AJA • BERKSHIRE HATHAWAY HOMESERVICES
Mls Name: LCMLS
Mls ID: #172325
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.