512 Gladstone WayDothanAL36305
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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 512 Gladstone Way, Dothan, AL, 36305 priced at $545,000 pairs $3,497/mo rent with $379/mo cash flow after a $2,668/mo payment. Total monthly income equals $3,497/mo, and annual cash flow comes to $4,543/yr on $179,305 invested. Return on cash invested is 22.59% in year one, and rental yield stands at 7.7% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 116.59% and total cumulative return in cash reaches $209,052. For financing, Ziffy Mortgage’s DSCR program evaluates $3,497/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.37 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36305, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,615 (100%) |
| Owner Occupied HU | 4,611 (60.6%) |
| Renter Occupied HU | 2,495 (32.8%) |
| Vacant Housing Units | 509 ( 6.7%) |
| Median Home Value | $268,454 |
| Average Home Value | $326,638 |
Housing Distribution
Address Breakdown
Residential
7,549
Single Family
6,218
Multi-Family
1,331
Businesses
497
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Listed by: SHARON L DAVIS • iRealty, LLC
Mls Name: Wiregrass BOR
Mls ID: #553950
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.