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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 904, Auburn, AL, 36830 generates $2,104/mo in rent and, after a $1,395/mo payment, leaves $345/mo in cash flow. Total monthly income is $2,104/mo, and annual cash flow is $4,143/yr on $94,478 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 8.86% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 126.37% and total cumulative return in cash sums $119,394. 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 2000
N/A lot
$N/A/sqft
$150 monthly 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 |
|---|---|---|
| 2025-05-27 | Listed for sale | $285,000 |
| 2022-11-04 | Sold | $220,000 |
| 2022-10-03 | Pending sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: AMANDA GRAY • HOMELINK REALTY
Mls Name: LCMLS
Mls ID: #175100
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.
