602 Edmon AveOpelikaAL36804
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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 Opelika at 602 Edmon Ave, Opelika, AL, 36804 priced at $239,000 converts $1,635/mo rent into $286/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,635/mo, and annual cash flow totals $3,429/yr on $79,229 invested. Return on cash invested prints 24.24% in year one, and rental yield reads 8.21% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 125.33% and total cumulative return in cash sums $99,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,635/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 2004
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36804, Opelika, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,282 (100%) |
| Owner Occupied HU | 6,903 (74.4%) |
| Renter Occupied HU | 1,851 (19.9%) |
| Vacant Housing Units | 528 ( 5.7%) |
| Median Home Value | $270,503 |
| Average Home Value | $300,208 |
Housing Distribution
Address Breakdown
Residential
9,131
Single Family
8,525
Multi-Family
606
Businesses
284
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