1203 Phillips StBay 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 1203 Phillips St, Bay Minette, AL, 36507 listed at $289,000 pairs $2,154/mo rent with a $1,415/mo payment to leave $522/mo cash flow. Total monthly income runs $2,154/mo, and annual cash flow reaches $6,267/yr on $95,804 cash to close. Return on cash invested measures 26.45% in year one, and rental yield registers 8.94% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 137.23% and total cumulative return in cash totals $131,474. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,154/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.46 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: Joseph Rhodes • Rhodes Real Estate, Inc.
Mls Name: Baldwin Realtors
Mls ID: #384376