302 N 6th Ave, Lanett, AL, 36863 | $560/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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302 N 6th Ave, Lanett, AL, 36863 | $560/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lanett at 302 N 6th Ave, Lanett, AL, 36863 listed at $145,000 pairs $1,379/mo rent with a $710/mo payment to leave $560/mo cash flow. Total monthly income runs $1,379/mo, and annual cash flow reaches $6,723/yr on $48,068 cash to close. Return on cash invested measures 33.9% in year one, and rental yield registers 11.41% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 177.19% and total cumulative return in cash totals $85,172. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,379/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2007

7,413 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to a home thats easy to feel good about the moment you step inside. Located on a quiet street in Lanett, this property offers a comfortable layout, practical updates, and the kind of charm that makes it a great fit for first-time buyers or anyone looking for a fresh start. The living area is bright and inviting, flowing into a kitchen thats set up for everyday life with plenty of cabinet space and room to cook and gather. Each bedroom offers a peaceful place to unwind, and the bathroom has been updated for a clean and modern feel. Outside, the level backyard gives you space to enjoy, perfect for pets, weekend projects, or simply relaxing. With easy parking and quick access to shopping, schools, and major routes into Valley, West Point, and Columbus/Phenix City, youll appreciate how convenient this location truly is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 36863, Lanett, AL area.

Housing Distribution

Housing Statistics

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