2141 Covey DrWaverlyAL36879
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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
Rental property for sale in Waverly at 2141 Covey Dr, Waverly, AL, 36879 priced at $369,993 pairs $3,199/mo rent with $1,111/mo cash flow after a $1,811/mo payment. Total monthly income equals $3,199/mo, and annual cash flow comes to $13,326/yr on $122,653 invested. Return on cash invested is 30.77% in year one, and rental yield stands at 10.38% on a $369,993 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,222 by year five. Five-year ROI measures 160.41% and total cumulative return in cash reaches $196,743. For financing, Ziffy Mortgage’s DSCR program evaluates $3,199/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or 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: #172578
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.