656 Skipper 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
Rental property for sale in Dothan at 656 Skipper Rd, Dothan, AL, 36301 priced at $244,900 converts $1,698/mo rent into $315/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,698/mo, and annual cash flow totals $3,784/yr on $81,184 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 8.32% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 127.15% and total cumulative return in cash sums $103,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,698/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.77 Acres 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: Donald Wells • The Real Estate Group
Mls Name: SAMLS
Mls ID: #202886
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.