3209 Silver Lake DrPhenix CityAL36867
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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 3209 Silver Lake Dr, Phenix City, AL, 36867 priced at $264,900 converts $1,920/mo rent into $421/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $5,047/yr on $87,814 invested. Return on cash invested prints 25.66% in year one, and rental yield reads 8.7% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 132.98% and total cumulative return in cash sums $116,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36867, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,988 (100%) |
| Owner Occupied HU | 4,689 (42.7%) |
| Renter Occupied HU | 5,283 (48.1%) |
| Vacant Housing Units | 1,016 ( 9.2%) |
| Median Home Value | $205,048 |
| Average Home Value | $271,717 |
Housing Distribution
Address Breakdown
Residential
10,181
Single Family
8,150
Multi-Family
2,031
Businesses
738
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Listed by: Margaret S. Moss • Bowden Realty, LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #220659
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.