208 Windmill Ridge Rd #BGulf ShoresAL36542
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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
Rental property for sale in Gulf Shores at 208 Windmill Ridge Rd #B, Gulf Shores, AL, 36542 generates $2,646/mo in rent and, after a $2,002/mo payment, leaves $337/mo in cash flow. Total monthly income is $2,646/mo, and annual cash flow is $4,047/yr on $135,584 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 7.76% on a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 118.15% and total cumulative return in cash sums $160,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,646/mo property income rather than buyer’s personal income.
Condo
Built in 2005
0.45 Acres lot
$N/A/sqft
No 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
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Listed by: Jennifer Lawrence • RE/MAX Paradise
Mls Name: Baldwin Realtors
Mls ID: #390315