492 E Selma St #1 & 2DothanAL36301
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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 Dothan at 492 E Selma St #1 & 2, Dothan, AL, 36301 generates $1,184/mo in rent and, after a $574/mo payment, leaves $522/mo in cash flow. Total monthly income is $1,184/mo, and annual cash flow is $6,264/yr on $38,885 invested. Return on cash invested sits at 36.02% in year one, and rental yield is 12.11% on a $117,300 entry. Equity gained on principal adds $757/yr, while 5% annual appreciation builds toward $32,408 over five years. Five-year ROI reaches 188.65% and total cumulative return in cash sums $73,355. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,184/mo property income rather than buyer’s personal income.
Multi Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36301, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,881 (100%) |
| Owner Occupied HU | 9,769 (54.6%) |
| Renter Occupied HU | 6,476 (36.2%) |
| Vacant Housing Units | 1,636 ( 9.1%) |
| Median Home Value | $194,272 |
| Average Home Value | $226,554 |
Housing Distribution
Address Breakdown
Residential
17,122
Single Family
15,799
Multi-Family
1,323
Businesses
1,316
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Listed by: CINDY FERGUSON • At Home Realty Services
Mls Name: WBOR
Mls ID: #552374
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.