617 Ridgeland 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 617 Ridgeland Rd, Dothan, AL, 36301 uses $90,333 cash to close to unlock $7,460/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,334/mo payment keeps the spread at $622/mo. Purchase price stands at $272,499, and rental yield measures 9.51% with $2,160/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $75,286 over five years. Five-year ROI reaches 146.44% and total cumulative return in cash records $132,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,334/mo payment rather than investor’s personal income.
Single Family
Built in 2024
9,583 sqft 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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Listed by: Jessica Shelley • Porch Light Real Estate, LLC
Mls Name: SAMLS
Mls ID: #199753
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.