324 Payne StAuburnAL36830
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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 Auburn at 324 Payne St, Auburn, AL, 36830 earns from $1,496/mo rent with a $3,304/mo payment. Total monthly income totals $1,496/mo. ROI tracks 6.93% on current figures, and rental yield reads 2.66% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 32.71% and total cumulative return in cash sums $72,639. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,496/mo property income instead of your personal income.
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Housing Distribution
Address Breakdown
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
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Listed by: MARY BOYD • BICKERSTAFF PARHAM REAL ESTATE
Mls Name: LCMLS
Mls ID: #171063
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.