3202 Mike DrDothanAL36303
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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 3202 Mike Dr, Dothan, AL, 36303 uses $51,051 cash to close to unlock $4,254/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,224/mo, and a $754/mo payment keeps the spread at $355/mo. Purchase price stands at $154,000, and rental yield measures 9.54% with $1,224/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 146.87% and total cumulative return in cash records $74,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36303, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 7,778 (50.0%) |
| Renter Occupied HU | 6,073 (39.0%) |
| Vacant Housing Units | 1,701 (10.9%) |
| Median Home Value | $200,499 |
| Average Home Value | $238,145 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
12,201
Multi-Family
1,889
Businesses
1,895
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