803 Harvard DrAuburnAL36830
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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 Auburn at 803 Harvard Dr, Auburn, AL, 36830 generates $1,600/mo in rent and, after a $1,155/mo payment, leaves $119/mo in cash flow. Total monthly income is $1,600/mo, and annual cash flow is $1,428/yr on $78,234 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.14% on a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 112.73% and total cumulative return in cash sums $88,194. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,600/mo property income rather than buyer’s personal income.
Condo
Built in 2006
4,356 sqft lot
$N/A/sqft
$149 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36830, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,793 (100%) |
| Owner Occupied HU | 10,311 (43.3%) |
| Renter Occupied HU | 11,800 (49.6%) |
| Vacant Housing Units | 1,682 ( 7.1%) |
| Median Home Value | $376,939 |
| Average Home Value | $438,525 |
Housing Distribution
Address Breakdown
Residential
23,254
Single Family
15,954
Multi-Family
7,300
Businesses
1,313
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Listed by: BRADLEY ROBERTSON • BICKERSTAFF PARHAM REAL ESTATE
Mls Name: LCMLS
Mls ID: #173164
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.