557 W Glenn Ave APT B103, Auburn, AL, 36832 | 6.76% Rental Yield

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557 W Glenn Ave APT B103, Auburn, AL, 36832 | 6.76% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Auburn at 557 W Glenn Ave APT B103, Auburn, AL, 36832 generates $1,576/mo in rent, after a $1,370/mo payment. Total monthly income is $1,576/mo. Return on cash invested sits at 19.86% in year one, and rental yield is 6.76% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 101.89% and total cumulative return in cash sums $94,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,576/mo property income rather than buyer’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Steps from Auburn University and downtown, this first-floor condo blends style, comfort, and investment potential all in one. Located in a low-density complex with newly updated siding and roofs (already covered by the seller), its a turnkey opportunity with the rare zoning that allows for both short-term rentals and unrelated occupants. Inside, youll find a fresh, modern feelan updated kitchen and bathroom, plus thoughtful design touches like wood accent walls and stylish wallpaper that set it apart. The 2024 water heater and recently serviced HVAC along additional updates mean peace of mind. Whether youre picturing it as a student rental, a game day getaway, or a long-term investment, this condo offers a mix of location and versatility thats tough to beat. And in this market, at this price, it wont be available for long!

Neighborhood Data

Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,078 (100%)
Owner Occupied HU	5,793 (36.0%)
Renter Occupied HU	8,478 (52.7%)
Vacant Housing Units	1,807 (11.2%)
Median Home Value	$295,260
Average Home Value	$326,059