2428 E University Dr APT 1406, Auburn, AL, 36830 | $594/mo Cash Flow

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2428 E University Dr APT 1406, Auburn, AL, 36830 | $594/mo Cash Flow | Ziffy

For Sale

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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

Rental property for sale in Auburn at 2428 E University Dr APT 1406, Auburn, AL, 36830 generates $2,104/mo in rent and, after a $1,309/mo payment, leaves $594/mo in cash flow. Total monthly income is $2,104/mo, and annual cash flow is $7,132/yr on $88,676 invested. Return on cash invested sits at 27.95% in year one, and rental yield is 9.44% on a $267,500 entry. Equity gained on principal adds $1,726/yr, while 5% annual appreciation builds toward $73,905 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash sums $128,840. 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

More details about the property

$1,000 in closing costs! Great investment opportunity! This vacant condo already boasts lots of improvements - granite counter tops, LVP flooring and is short term rental approved! Off the foyer is a light filled dining room with an entrance to the kitchen. All appliances are included! The breakfast bar overlooks the living room. The main level also offers a half bath. The mainlevel primary suite includes a large ensuite bathroom. The laundry room is convenient to the single car garage. Upstairs are two additional bedrooms with a jack n jill bathroom, offering seperate vanities and a shared wet room. The patio offers privacy and shade, overlooking the wooded treeline. The neighborhood includes a community pool and lawn service.

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