106 N White AveBay MinetteAL36507
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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 Bay Minette at 106 N White Ave, Bay Minette, AL, 36507 priced at $244,900 pairs $2,040/mo rent with $657/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $7,888/yr on $81,184 invested. Return on cash invested is 29.63% in year one, and rental yield stands at 10% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 154.26% and total cumulative return in cash reaches $125,237. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36507, Bay Minette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,008 (100%) |
| Owner Occupied HU | 5,931 (65.8%) |
| Renter Occupied HU | 1,994 (22.1%) |
| Vacant Housing Units | 1,083 (12.0%) |
| Median Home Value | $244,654 |
| Average Home Value | $269,012 |
Housing Distribution
Address Breakdown
Residential
7,944
Single Family
7,570
Multi-Family
374
Businesses
647
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Listed by: Jennifer Sage • Call It Closed Intl Realty
Mls Name: Baldwin Realtors
Mls ID: #383799