10838 Cord 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
Investment property for sale in Bay Minette at 10838 Cord Ave, Bay Minette, AL, 36507 listed at $337,500 pairs $2,758/mo rent with a $1,652/mo payment to leave $853/mo cash flow. Total monthly income runs $2,758/mo, and annual cash flow reaches $10,234/yr on $111,881 cash to close. Return on cash invested measures 29.06% in year one, and rental yield registers 9.81% at a $337,500 basis. Equity gained on principal adds $2,178/yr, and annual property appreciation at 5% supports $93,245 by year five. Five-year ROI tracks 151.18% and total cumulative return in cash totals $169,141. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,758/mo property income relative to a $1,652/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.34 Acres 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: Jaime Cooper • EXIT Realty Lyon & Assoc.Fhope
Mls Name: GCMLS
Mls ID: #7689097