683 Patterson RdDothanAL36301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 683 Patterson Rd, Dothan, AL, 36301 offers $3,204/mo rent that, after a $3,452/mo payment. Total monthly income is $3,204/mo. Return on cash invested measures 16.04% in year one, and rental yield stands at 5.45% at a $705,200 entry. Equity gained on principal adds $4,551/yr while 5% annual appreciation compounds into $194,834 by year five. Five-year ROI records 81.37% and total cumulative return in cash reaches $188,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,204/mo property income versus a $3,452/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
12 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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