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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 Lanett at 2521 28th Ave SW, Lanett, AL, 36863 generates $2,567/mo in rent and, after a $1,370/mo payment, leaves $987/mo in cash flow. Total monthly income is $2,567/mo, and annual cash flow is $11,845/yr on $92,787 invested. Return on cash invested sits at 32.67% in year one, and rental yield is 11.01% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 170.64% and total cumulative return in cash sums $158,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,567/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,421 (100%) |
| Owner Occupied HU | 3,031 (55.9%) |
| Renter Occupied HU | 1,673 (30.9%) |
| Vacant Housing Units | 717 (13.2%) |
| Median Home Value | $140,542 |
| Average Home Value | $190,617 |
Residential
5,360
Single Family
5,305
Multi-Family
55
Businesses
421
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-23 | N/A | N/A | $29,780 | N/A |
| 2022-04-23 | N/A | N/A | $29,780 | 19.02% |
| 2021-04-23 | N/A | N/A | $25,020 | 0.64% |
Listed by: HOLLIE FOSTER • LORI TERRY HOME TOWN REALTY LLC
Mls Name: LCMLS
Mls ID: #174577
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.
