303 Stonegate DrDothanAL36305
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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 303 Stonegate Dr, Dothan, AL, 36305 priced at $489,900 converts $3,122/mo rent into $357/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,122/mo, and annual cash flow totals $4,279/yr on $162,402 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 7.65% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 116.26% and total cumulative return in cash sums $188,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,122/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36305, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,615 (100%) |
| Owner Occupied HU | 4,611 (60.6%) |
| Renter Occupied HU | 2,495 (32.8%) |
| Vacant Housing Units | 509 ( 6.7%) |
| Median Home Value | $268,454 |
| Average Home Value | $326,638 |
Housing Distribution
Address Breakdown
Residential
7,549
Single Family
6,218
Multi-Family
1,331
Businesses
497
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