363 Mimosa RdPhenix CityAL36870
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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 363 Mimosa Rd, Phenix City, AL, 36870 priced at $188,000 converts $1,415/mo rent into $354/mo cash flow after a $920/mo obligation. Total monthly income equals $1,415/mo, and annual cash flow totals $4,248/yr on $62,322 invested. Return on cash invested prints 26.73% in year one, and rental yield reads 9.03% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 138.69% and total cumulative return in cash sums $86,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,415/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1998
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36870, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,056 (100%) |
| Owner Occupied HU | 5,402 (67.1%) |
| Renter Occupied HU | 2,051 (25.5%) |
| Vacant Housing Units | 603 ( 7.5%) |
| Median Home Value | $207,248 |
| Average Home Value | $240,305 |
Housing Distribution
Address Breakdown
Residential
7,565
Single Family
7,360
Multi-Family
205
Businesses
254
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Listed by: Brittany Clark • Durham Sears Real Estate
Mls Name: CBORGA
Mls ID: #226357