1061 Sea Cliff Dr N #2BDaphneAL36526
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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 Daphne at 1061 Sea Cliff Dr N #2B, Daphne, AL, 36526 listed at $119,900 pairs $1,253/mo rent with a $587/mo payment to leave $299/mo cash flow. Total monthly income runs $1,253/mo, and annual cash flow reaches $3,589/yr on $39,747 cash to close. Return on cash invested measures 28.94% in year one, and rental yield registers 12.54% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 153.7% and total cumulative return in cash totals $61,092. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,253/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
$277 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36526, Daphne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 12,007 (67.1%) |
| Renter Occupied HU | 4,253 (23.8%) |
| Vacant Housing Units | 1,639 ( 9.2%) |
| Median Home Value | $350,867 |
| Average Home Value | $399,652 |
Housing Distribution
Address Breakdown
Residential
16,538
Single Family
14,571
Multi-Family
1,967
Businesses
1,632
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Listed by: Devin Kramer • Farmstead Real Estate and Deve
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #381929
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.