234 W Magnolia Ave APT 204, Auburn, AL, 36830 | 2.18% Rental Yield

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234 W Magnolia Ave APT 204, Auburn, AL, 36830 | 2.18% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Auburn at 234 W Magnolia Ave APT 204, Auburn, AL, 36830 offers a 2.18% rental yield on a $879,000 purchase with $1,600/mo rent. 11% in year one. Equity gained on principal adds $5,672/yr while 5% annual appreciation supports $242,851 over five years. Portfolio math shows five-year ROI at 28.1% and total cumulative return in cash at $81,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,600/mo property income against a $4,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Legends of Magnolia is a staple of premier downtown livingsituated directly across from campus and just steps away from Auburns best shops and restaurants. This 2-bedroom, 2.5-bath unit features tile and wood flooring throughout, along with an open floor plan that flows seamlessly from the kitchen into the spacious living area and out to a large private patioperfect for entertaining or relaxing on game day. The oversized primary suite includes a luxurious bath with a jetted tub, tiled shower, and double vanity, while the second bedroom offers its own en-suite bath. Legends of Magnolia allows short-term rentals with approval, making this property an excellent option for students, investors, or anyone seeking a game day getaway or full-time residence. This unit also includes two assigned parking spaces, and HOA fees cover water, sewer, garbage, and typical exterior maintenance.

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