118 Sara Ave E #ASpanish FortAL36527
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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 Spanish Fort at 118 Sara Ave E #A, Spanish Fort, AL, 36527 with 5% annual appreciation on a $229,900 basis while $2,274/mo rent supports operations. Total monthly income totals $2,274/mo and a $1,125/mo payment preserves $977/mo for cash returns. Annual cash flow comes to $11,719/yr on $76,212 deployed, and return on cash invested reaches 35.29% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 11.87%. Five-year ROI measures 184.6% and total cumulative return in cash totals $140,687.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,274/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
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Listed by: Sherree Pierce • Coldwell Banker Reehl Prop Fairhope
Mls Name: Baldwin Realtors
Mls ID: #387089