2502 Hickory Ridge DrPhenix CityAL36870
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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
Investment Highlights
Investment property for sale in Phenix City at 2502 Hickory Ridge Dr, Phenix City, AL, 36870 uses $111,019 cash to close to unlock $6,046/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,639/mo payment keeps the spread at $504/mo. Purchase price stands at $334,900, and rental yield measures 8.58% with $2,394/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 131.33% and total cumulative return in cash records $145,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,639/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36870, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,056 (100%) |
| Owner Occupied HU | 5,402 (67.1%) |
| Renter Occupied HU | 2,051 (25.5%) |
| Vacant Housing Units | 603 ( 7.5%) |
| Median Home Value | $207,248 |
| Average Home Value | $240,305 |
Housing Distribution
Address Breakdown
Residential
7,565
Single Family
7,360
Multi-Family
205
Businesses
254
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Listed by: Carson Paris • Keller Williams Realty River Cities
Mls Name: CBORGA
Mls ID: #226552