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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Phenix City at 2307 15th Ave, Phenix City, AL, 36867 offers a 11.29% rental yield on a $204,050 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $999/mo payment leaves $768/mo available for distribution. Annual cash flow reaches $9,216/yr on $67,643 to close, and return on cash invested stands at 33.53% in year one. Equity gained on principal adds $1,317/yr while 5% annual appreciation supports $56,375 over five years. Portfolio math shows five-year ROI at 175.18% and total cumulative return in cash at $118,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $999/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,988 (100%) |
| Owner Occupied HU | 4,689 (42.7%) |
| Renter Occupied HU | 5,283 (48.1%) |
| Vacant Housing Units | 1,016 ( 9.2%) |
| Median Home Value | $205,048 |
| Average Home Value | $271,717 |
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
Date | Event | Price |
|---|---|---|
| 2024-12-30 | Sold | $204,050 |
| 2024-10-31 | Contingent | $199,900 |
| 2024-08-28 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-07 | $568.76 | 15.04% | $9,640 | 15.04% |
| 2022-07-07 | $494.42 | 5.01% | $8,380 | 5.01% |
| 2021-07-07 | $470.82 | 4.72% | $7,980 | 4.72% |
Listed by: Brent Newsome • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99077
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
