589 Mill Pond DrPhenix CityAL36870
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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 Phenix City at 589 Mill Pond Dr, Phenix City, AL, 36870 with 5% annual appreciation on a $192,500 basis while $1,883/mo rent supports operations. Total monthly income totals $1,883/mo and a $942/mo payment preserves $797/mo for cash returns. Annual cash flow comes to $9,559/yr on $63,814 deployed, and return on cash invested reaches 34.89% in year one. Equity gained on principal adds $1,242/yr, and five-year appreciation sums $53,184 alongside rental yield of 11.74%. Five-year ROI measures 182.49% and total cumulative return in cash totals $116,453.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,883/mo property income versus a $942/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36870, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,056 (100%) |
| Owner Occupied HU | 5,402 (67.1%) |
| Renter Occupied HU | 2,051 (25.5%) |
| Vacant Housing Units | 603 ( 7.5%) |
| Median Home Value | $207,248 |
| Average Home Value | $240,305 |
Housing Distribution
Address Breakdown
Residential
7,565
Single Family
7,360
Multi-Family
205
Businesses
254
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Listed by: Courtney Jimmerson • Keller Williams Auburn/Opelika
Mls Name: CBORGA
Mls ID: #223420