2302 Auburn Dr SWDecaturAL35603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Decatur at 2302 Auburn Dr SW, Decatur, AL, 35603 offers a 9.25% rental yield on a $221,000 purchase with $1,703/mo rent. Total monthly income registers $1,703/mo, and a $1,082/mo payment leaves $455/mo available for distribution. Annual cash flow reaches $5,463/yr on $73,262 to close, and return on cash invested stands at 27.37% in year one. Equity gained on principal adds $1,426/yr while 5% annual appreciation supports $61,058 over five years. Portfolio math shows five-year ROI at 142.16% and total cumulative return in cash at $104,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,703/mo property income against a $1,082/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35603, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,772 (100%) |
| Owner Occupied HU | 9,786 (66.2%) |
| Renter Occupied HU | 4,228 (28.6%) |
| Vacant Housing Units | 758 ( 5.1%) |
| Median Home Value | $258,997 |
| Average Home Value | $295,900 |
Housing Distribution
Address Breakdown
Residential
14,489
Single Family
13,004
Multi-Family
1,485
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alisha Cheatham • MeritHouse Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889188
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2025 Valley MLS