1040 S Bay StFoleyAL36535
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
Investment property for sale in Foley at 1040 S Bay St, Foley, AL, 36535 listed at $242,000 pairs $2,220/mo rent with a $1,184/mo payment to leave $817/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $9,800/yr on $80,223 cash to close. Return on cash invested measures 32.12% in year one, and rental yield registers 11.01% at a $242,000 basis. Equity gained on principal adds $1,562/yr, and annual property appreciation at 5% supports $66,860 by year five. Five-year ROI tracks 167.85% and total cumulative return in cash totals $134,658. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,184/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
$454 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha Leon • DHI Realty of Alabama, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #371311
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.