2283 Cannongate DrOpelikaAL36801
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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 Opelika at 2283 Cannongate Dr, Opelika, AL, 36801 priced at $456,504 converts $2,280/mo rent into after a $2,234/mo obligation. Total monthly income equals $2,280/mo. Return on cash invested prints 17.56% in year one, and rental yield reads 5.99% against a $456,504 entry. Equity gained on principal adds $2,946/yr, while 5% annual appreciation compiles into $126,124 by year five. Five-year ROI reaches 89.52% and total cumulative return in cash sums $135,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $2,234/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.50 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: ALEXA COLE WIGGINS • PORCH LIGHT REAL ESTATE LLC
Mls Name: LCMLS
Mls ID: #172410
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.