648 Villas Way UNIT 103AuburnAL36832
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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 Auburn at 648 Villas Way UNIT 103, Auburn, AL, 36832 offers a 8.76% rental yield on a $424,500 purchase with $3,098/mo rent. Total monthly income registers $3,098/mo, and a $2,078/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,619/yr on $140,722 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $2,739/yr while 5% annual appreciation supports $117,282 over five years. Portfolio math shows five-year ROI at 127.82% and total cumulative return in cash at $179,872. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,098/mo property income against a $2,078/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,078 (100%) |
| Owner Occupied HU | 5,793 (36.0%) |
| Renter Occupied HU | 8,478 (52.7%) |
| Vacant Housing Units | 1,807 (11.2%) |
| Median Home Value | $295,260 |
| Average Home Value | $326,059 |
Housing Distribution
Address Breakdown
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
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Listed by: ALAN DORN • KELLER WILLIAMS REALTY AUBURN OPELIKA
Mls Name: LCMLS
Mls ID: #170818
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.