320 Shelby LnDothanAL36301
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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 320 Shelby Ln, Dothan, AL, 36301 priced at $224,900 converts $1,934/mo rent into $654/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,934/mo, and annual cash flow totals $7,852/yr on $74,554 invested. Return on cash invested prints 30.44% in year one, and rental yield reads 10.32% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 158.71% and total cumulative return in cash sums $118,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,934/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.27 Acres lot
$N/A/sqft
$120 annually 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: Erica S. Randle Davis • Coldwell Banker N Sloan Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #565815
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