2156 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
Investment property for sale in Waverly at 2156 Covey Dr, Waverly, AL, 36879 earns $1,019/mo cash flow from $3,446/mo rent with a $2,105/mo payment. Total monthly income totals $3,446/mo, and annual cash flow totals $12,222/yr on $142,543 capital. ROI tracks 28.48% on current figures, and rental yield reads 9.62% at a $429,993 purchase. Equity gained on principal adds $2,775/yr, and 5% annual appreciation supports $118,799 over five years. Five-year ROI reaches 148.12% and total cumulative return in cash sums $211,128. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,446/mo property income instead of your personal income.
Single Family
Built in 2024
7,840 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: #170205
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.