1605 McMillan 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 1605 McMillan Ave, Bay Minette, AL, 36507 uses $53,007 cash to close to unlock $4,585/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $1,285/mo, and a $783/mo payment keeps the spread at $382/mo. Purchase price stands at $159,900, and rental yield measures 9.64% with $1,285/mo rent. Return on cash invested shows 28.56% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 148.63% and total cumulative return in cash records $78,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,285/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.40 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: Patty Bailey • Bailey Realty Group, LLC
Mls Name: Baldwin Realtors
Mls ID: #388323