602 Cobb RdDothanAL36301
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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 Dothan at 602 Cobb Rd, Dothan, AL, 36301 listed at $215,000 pairs $1,384/mo rent with a $1,052/mo payment to leave $171/mo cash flow. Total monthly income runs $1,384/mo, and annual cash flow reaches $2,049/yr on $71,273 cash to close. Return on cash invested measures 22.78% in year one, and rental yield registers 7.72% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 117.54% and total cumulative return in cash totals $83,773. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,384/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36301, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,881 (100%) |
| Owner Occupied HU | 9,769 (54.6%) |
| Renter Occupied HU | 6,476 (36.2%) |
| Vacant Housing Units | 1,636 ( 9.1%) |
| Median Home Value | $194,272 |
| Average Home Value | $226,554 |
Housing Distribution
Address Breakdown
Residential
17,122
Single Family
15,799
Multi-Family
1,323
Businesses
1,316
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