714 Evert DrDothanAL36305
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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 714 Evert Dr, Dothan, AL, 36305 uses $72,897 cash to close to unlock $9,145/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $2,003/mo, and a $1,076/mo payment keeps the spread at $762/mo. Purchase price stands at $219,900, and rental yield measures 10.93% with $2,003/mo rent. Return on cash invested shows 32.45% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 169.46% and total cumulative return in cash records $123,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,003/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36305, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,615 (100%) |
| Owner Occupied HU | 4,611 (60.6%) |
| Renter Occupied HU | 2,495 (32.8%) |
| Vacant Housing Units | 509 ( 6.7%) |
| Median Home Value | $268,454 |
| Average Home Value | $326,638 |
Housing Distribution
Address Breakdown
Residential
7,549
Single Family
6,218
Multi-Family
1,331
Businesses
497
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Listed by: Laurie Peacock • Berkshire Hathaway HomeServices Showcase Properties
Mls Name: SAMLS
Mls ID: #196631
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.