28 Springwood 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
Rental property for sale in Phenix City at 28 Springwood Dr, Phenix City, AL, 36870 priced at $359,900 pairs $2,394/mo rent with $362/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,394/mo, and annual cash flow comes to $4,345/yr on $119,307 invested. Return on cash invested is 23.55% in year one, and rental yield stands at 7.98% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 121.69% and total cumulative return in cash reaches $145,190. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.28 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: CLIFF GLANSEN • FLATFEE.COM
Mls Name: LCMLS
Mls ID: #178447