10230 Bridgewater DrTheodoreAL36582
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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 Theodore at 10230 Bridgewater Dr, Theodore, AL, 36582 generates $1,909/mo in rent, after a $1,664/mo payment. Total monthly income is $1,909/mo. Return on cash invested sits at 19.63% in year one, and rental yield is 6.74% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 100.7% and total cumulative return in cash sums $113,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,909/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.56 Acres lot
$N/A/sqft
$195 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36582, Theodore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,923 (100%) |
| Owner Occupied HU | 7,176 (65.7%) |
| Renter Occupied HU | 2,760 (25.3%) |
| Vacant Housing Units | 987 ( 9.0%) |
| Median Home Value | $209,041 |
| Average Home Value | $263,197 |
Housing Distribution
Address Breakdown
Residential
10,138
Single Family
9,381
Multi-Family
757
Businesses
692
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Listed by: Christina Christian • Pinnacle Properties Gulf Coast LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7549921
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.