119 Cedar PtFairhopeAL36532
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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 Fairhope at 119 Cedar Pt, Fairhope, AL, 36532 uses $131,771 cash to close to unlock $3,588/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $2,729/mo, and a $1,946/mo payment keeps the spread at $299/mo. Purchase price stands at $397,500, and rental yield measures 8.24% with $2,729/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $109,822 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash records $154,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,729/mo property income covering a $1,946/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.26 Acres lot
$N/A/sqft
$58 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
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