2228 Morgan DrAuburnAL36830
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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 Auburn at 2228 Morgan Dr, Auburn, AL, 36830 listed at $497,500 pairs $3,260/mo rent with a $2,435/mo payment to leave $410/mo cash flow. Total monthly income runs $3,260/mo, and annual cash flow reaches $4,925/yr on $164,921 cash to close. Return on cash invested measures 22.9% in year one, and rental yield registers 7.86% at a $497,500 basis. Equity gained on principal adds $3,210/yr, and annual property appreciation at 5% supports $137,450 by year five. Five-year ROI tracks 118.25% and total cumulative return in cash totals $195,027. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,260/mo property income relative to a $2,435/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Housing Distribution
Address Breakdown
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
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Listed by: RYAN EDWARDS ANNIE WILLIAMS TEAM • BERKSHIRE HATHAWAY HOMESERVICES
Mls Name: LCMLS
Mls ID: #175060
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.