2961 Iron StAuburnAL36832
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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 Auburn at 2961 Iron St, Auburn, AL, 36832 generates $3,418/mo in rent and, after a $2,307/mo payment, leaves $758/mo in cash flow. Total monthly income is $3,418/mo, and annual cash flow is $9,091/yr on $156,221 invested. Return on cash invested sits at 25.73% in year one, and rental yield is 8.7% on a $471,255 entry. Equity gained on principal adds $3,041/yr, while 5% annual appreciation builds toward $130,199 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash sums $208,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,418/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,078 (100%) |
| Owner Occupied HU | 5,793 (36.0%) |
| Renter Occupied HU | 8,478 (52.7%) |
| Vacant Housing Units | 1,807 (11.2%) |
| Median Home Value | $295,260 |
| Average Home Value | $326,059 |
Housing Distribution
Address Breakdown
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
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Listed by: PAYTON LEE • DURHAM SEARS REAL ESTATE
Mls Name: LCMLS
Mls ID: #170953
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.