17620 Khola Stewart RdBay 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 17620 Khola Stewart Rd, Bay Minette, AL, 36507 uses $45,913 cash to close to unlock $3,757/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $1,095/mo, and a $678/mo payment keeps the spread at $313/mo. Purchase price stands at $138,500, and rental yield measures 9.49% with $1,095/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 146.12% and total cumulative return in cash records $67,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,095/mo property income covering a $678/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.10 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: Melissa Phillips • Keller Williams AGC Realty-Da
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #370699
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.