282 Central StDothanAL36303
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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 Dothan at 282 Central St, Dothan, AL, 36303 priced at $106,720 converts $954/mo rent into $352/mo cash flow after a $522/mo obligation. Total monthly income equals $954/mo, and annual cash flow totals $4,224/yr on $35,378 invested. Return on cash invested prints 31.85% in year one, and rental yield reads 10.73% against a $106,720 entry. Equity gained on principal adds $689/yr, while 5% annual appreciation compiles into $29,485 by year five. Five-year ROI reaches 166.14% and total cumulative return in cash sums $58,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $954/mo property income covering a $522/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36303, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 7,778 (50.0%) |
| Renter Occupied HU | 6,073 (39.0%) |
| Vacant Housing Units | 1,701 (10.9%) |
| Median Home Value | $200,499 |
| Average Home Value | $238,145 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
12,201
Multi-Family
1,889
Businesses
1,895
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