315 Irish LnPhenix CityAL36869
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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 Phenix City at 315 Irish Ln, Phenix City, AL, 36869 priced at $243,500 converts $1,751/mo rent into $260/mo cash flow after a $1,192/mo obligation. Total monthly income equals $1,751/mo, and annual cash flow totals $3,119/yr on $80,720 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 8.63% against a $243,500 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation compiles into $67,275 by year five. Five-year ROI reaches 123.46% and total cumulative return in cash sums $99,657. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,751/mo property income covering a $1,192/mo payment, not borrower’s personal income.
Single Family
Built in 2013
7,387 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36869, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,978 (100%) |
| Owner Occupied HU | 4,896 (49.1%) |
| Renter Occupied HU | 3,977 (39.9%) |
| Vacant Housing Units | 1,105 (11.1%) |
| Median Home Value | $141,605 |
| Average Home Value | $170,815 |
Housing Distribution
Address Breakdown
Residential
9,240
Single Family
8,314
Multi-Family
926
Businesses
256
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Listed by: Dorothy Loyal • Nexthome Infinite Real Estate Solutions LLC
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E99539
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.