613 Collins RdDothanAL36305
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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 Dothan at 613 Collins Rd, Dothan, AL, 36305 priced at $350,000 converts $2,046/mo rent into $71/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,046/mo, and annual cash flow totals $846/yr on $116,025 invested. Return on cash invested prints 20.64% in year one, and rental yield reads 7.01% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 106.05% and total cumulative return in cash sums $123,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,046/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2007
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36305, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,615 (100%) |
| Owner Occupied HU | 4,611 (60.6%) |
| Renter Occupied HU | 2,495 (32.8%) |
| Vacant Housing Units | 509 ( 6.7%) |
| Median Home Value | $268,454 |
| Average Home Value | $326,638 |
Housing Distribution
Address Breakdown
Residential
7,549
Single Family
6,218
Multi-Family
1,331
Businesses
497
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