490 Cary DrAuburnAL36830
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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 Auburn at 490 Cary Dr, Auburn, AL, 36830 generates $3,800/mo in rent, after a $3,225/mo payment. Total monthly income is $3,800/mo. Return on cash invested sits at 18.99% in year one, and rental yield is 6.92% on a $659,000 entry. Equity gained on principal adds $4,252/yr, while 5% annual appreciation builds toward $182,070 over five years. Five-year ROI reaches 97.71% and total cumulative return in cash sums $211,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,800/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
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
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Listed by: CRAWFORD/ WILLIS GROUP • CRAWFORD WILLIS GROUP
Mls Name: LCMLS
Mls ID: #170856
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.