523 Merimont BlvdAuburnAL36830
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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 523 Merimont Blvd, Auburn, AL, 36830 priced at $664,000 pairs $3,677/mo rent with after a $3,250/mo payment. Total monthly income equals $3,677/mo. Return on cash invested is 19.38% in year one, and rental yield stands at 6.65% on a $664,000 basis. Equity gained on principal adds $4,285/yr, and 5% annual appreciation accumulates to $183,451 by year five. Five-year ROI measures 99.35% and total cumulative return in cash reaches $217,025. For financing, Ziffy Mortgage’s DSCR program evaluates $3,677/mo property income against a $3,250/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
0.47 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: ALEX ACUFF MARY GAIL WEEKLEY TEAM • EXP REALTY - ACUFF WEEKLEY GROUP
Mls Name: LCMLS
Mls ID: #174663
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.