513 Cloverdale 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
Investment property for sale in Auburn at 513 Cloverdale Dr, Auburn, AL, 36830 uses $104,721 cash to close to unlock $3,440/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,546/mo payment keeps the spread at $287/mo. Purchase price stands at $315,900, and rental yield measures 8.36% with $2,202/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $87,277 over five years. Five-year ROI reaches 120.3% and total cumulative return in cash records $125,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,546/mo payment rather than investor’s personal income.
Townhouse
Built in 2020
6,534 sqft lot
$N/A/sqft
$120 monthly 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: LORI FULLER • EXP REALTY - SOUTHERN BRANCH
Mls Name: LCMLS
Mls ID: #175046
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.