703 23rd AvePhenix CityAL36869
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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 Phenix City at 703 23rd Ave, Phenix City, AL, 36869 uses $49,692 cash to close to unlock $643/yr annual cash flow and $54/mo monthly cash flow. Total monthly income runs $900/mo, and a $734/mo payment keeps the spread at $54/mo. Purchase price stands at $149,900, and rental yield measures 7.2% with $900/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 109.1% and total cumulative return in cash records $54,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36869, Phenix City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,978 (100%) |
| Owner Occupied HU | 4,896 (49.1%) |
| Renter Occupied HU | 3,977 (39.9%) |
| Vacant Housing Units | 1,105 (11.1%) |
| Median Home Value | $141,605 |
| Average Home Value | $170,815 |
Housing Distribution
Address Breakdown
Residential
9,240
Single Family
8,314
Multi-Family
926
Businesses
256
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Listed by: Amanda Williams • Wilson Realty Company
Mls Name: East Alabama BOR
Mls ID: #E102288