605 Lockwood StAuburnAL36830
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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 605 Lockwood St, Auburn, AL, 36830 priced at $429,000 converts $2,506/mo rent into $84/mo cash flow after a $2,100/mo obligation. Total monthly income equals $2,506/mo, and annual cash flow totals $1,011/yr on $142,214 invested. Return on cash invested prints 20.62% in year one, and rental yield reads 7.01% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 105.96% and total cumulative return in cash sums $150,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,506/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.33 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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