308 Lakeview DrDothanAL36301
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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
Investment property for sale in Dothan at 308 Lakeview Dr, Dothan, AL, 36301 earns $850/mo cash flow from $1,927/mo rent with a $928/mo payment. Total monthly income totals $1,927/mo, and annual cash flow totals $10,203/yr on $62,819 capital. ROI tracks 36.15% on current figures, and rental yield reads 12.2% at a $189,500 purchase. Equity gained on principal adds $1,223/yr, and 5% annual appreciation supports $52,355 over five years. Five-year ROI reaches 189.3% and total cumulative return in cash sums $118,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,927/mo property income instead of your personal income.
Single Family
Built in 1963
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36301, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,881 (100%) |
| Owner Occupied HU | 9,769 (54.6%) |
| Renter Occupied HU | 6,476 (36.2%) |
| Vacant Housing Units | 1,636 ( 9.1%) |
| Median Home Value | $194,272 |
| Average Home Value | $226,554 |
Housing Distribution
Address Breakdown
Residential
17,122
Single Family
15,799
Multi-Family
1,323
Businesses
1,316
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Listed by: Bridgett Hooks • Wiregrass Home Team
Mls Name: Wiregrass BOR
Mls ID: #553746
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.