447 W Longleaf Dr APT 802, Auburn, AL, 36832 | $383/mo Cash Flow

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447 W Longleaf Dr APT 802, Auburn, AL, 36832 | $383/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Auburn at 447 W Longleaf Dr APT 802, Auburn, AL, 36832 earns $383/mo cash flow from $1,793/mo rent with a $1,223/mo payment. Total monthly income totals $1,793/mo, and annual cash flow totals $4,591/yr on $82,842 capital. ROI tracks 25.45% on current figures, and rental yield reads 8.61% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 131.88% and total cumulative return in cash sums $109,250. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,793/mo property income instead of your personal income.

Condo

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Wonderful UPDATED 2BR/2Bath condo in desirable Longleaf Villas! This bottom floor end unit is located across the street from the pool and club house has an attached garage that can be accessed from inside the unit. No carpet! New LVP flooring in the bedrooms and screened in porch. Ceramic tile throughout the rest of the home. Freshly painted and upgraded lighting throughout. New ceiling fans with remotes in the bedrooms. The kitchen and bathrooms feature granite countertops, new sinks and fixtures. The primary bedroom features a large walk-in closet with a beautiful view of the pond from the side window. Don't miss being part of this great community that offers a club house, pool, exercise room, playground, BBQ area, pond and a gazebo. HOA covers Cable, Internet, trash pickup, landscaping and exterior maintenance.

Neighborhood Data

Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,078 (100%)
Owner Occupied HU	5,793 (36.0%)
Renter Occupied HU	8,478 (52.7%)
Vacant Housing Units	1,807 (11.2%)
Median Home Value	$295,260
Average Home Value	$326,059