202 Leonora CtDauphin IslandAL36528
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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 Dauphin Island at 202 Leonora Ct, Dauphin Island, AL, 36528 offers a 8.14% rental yield on a $648,900 purchase with $4,403/mo rent. Total monthly income registers $4,403/mo, and a $3,176/mo payment leaves $657/mo available for distribution. Annual cash flow reaches $7,884/yr on $213,488 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $4,187/yr while 5% annual appreciation supports $179,279 over five years. Portfolio math shows five-year ROI at 122.87% and total cumulative return in cash at $262,312. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,403/mo property income against a $3,176/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.31 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36528, Dauphin Island, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 728 (35.6%) |
| Renter Occupied HU | 119 ( 5.8%) |
| Vacant Housing Units | 1,200 (58.6%) |
| Median Home Value | $377,397 |
| Average Home Value | $415,721 |
Housing Distribution
Address Breakdown
Residential
1,205
Single Family
1,113
Multi-Family
92
Businesses
99
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Listed by: Keith Deerman • Flamingo Realty Inc.
Mls Name: GCMLS
Mls Provider:
Mls ID: #7352137
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.