328 W Drake AveAuburnAL36830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Auburn at 328 W Drake Ave, Auburn, AL, 36830 priced at $365,000 converts $2,236/mo rent into $176/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,236/mo, and annual cash flow totals $2,115/yr on $120,998 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 7.35% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 111.52% and total cumulative return in cash sums $134,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,236/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JOEY LONG • REAL ESTATE SERVICES AUBURN/OPELIKA
Mls Name: LCMLS
Mls ID: #170940
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.