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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% |
Rental property for sale in Auburn at 2428 E University Dr APT 107, Auburn, AL, 36830 generates $2,104/mo in rent and, after a $1,429/mo payment, leaves $456/mo in cash flow. Total monthly income is $2,104/mo, and annual cash flow is $5,472/yr on $96,798 invested. Return on cash invested sits at 25.56% in year one, and rental yield is 8.65% on a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 132.43% and total cumulative return in cash sums $128,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,104/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
| 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 |
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: ABIGAIL FREEMAN • EXIT REALTY ANCHOR SOUTH
Mls Name: LCMLS
Mls ID: #175983
