11970 Whitehouse Fork Road ExtBay 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 11970 Whitehouse Fork Road Ext, Bay Minette, AL, 36507 generates $1,437/mo in rent and, after a $881/mo payment, leaves $421/mo in cash flow. Total monthly income is $1,437/mo, and annual cash flow is $5,052/yr on $59,670 invested. Return on cash invested sits at 28.38% in year one, and rental yield is 9.58% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 147.5% and total cumulative return in cash sums $88,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
0.75 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: Auburne Knight • Coastal Resort Realty
Mls Name: Baldwin Realtors
Mls ID: #387117