18352 Millwood DrGulf ShoresAL36542
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 18352 Millwood Dr, Gulf Shores, AL, 36542 in Gulf Shores. Rental yield 6.29%. The 1.17 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $209,974 and $7,000/yr in principal reduction project total return of $258,444.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.2% |
| Monthly Cash Flow | $(444) | $1,850 |
City averages based on Gulf Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,986 |
| Total Monthly Debt Service | $4,128 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
2.71 Acres lot
$N/A/sqft
$390 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2022
2.71 Acres lot
$N/A/sqft
$390 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leigh Mcpherson • RE/MAX OF ORANGE BEACH
Mls Name: PAR
Mls Provider:
Mls ID: #654102
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