23 Lake LnPhenix CityAL36870
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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 Phenix City at 23 Lake Ln, Phenix City, AL, 36870 uses $56,024 cash to close to unlock $3,855/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,275/mo, and a $827/mo payment keeps the spread at $321/mo. Purchase price stands at $169,000, and rental yield measures 9.05% with $1,275/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 139.11% and total cumulative return in cash records $77,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,275/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1998
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36870, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,056 (100%) |
| Owner Occupied HU | 5,402 (67.1%) |
| Renter Occupied HU | 2,051 (25.5%) |
| Vacant Housing Units | 603 ( 7.5%) |
| Median Home Value | $207,248 |
| Average Home Value | $240,305 |
Housing Distribution
Address Breakdown
Residential
7,565
Single Family
7,360
Multi-Family
205
Businesses
254
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Listed by: ALISON GALBRAITH • EXP REALTY - SOUTHERN BRANCH
Mls Name: LCMLS
Mls ID: #175916