212 Ornate AveFairhopeAL36532
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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 Fairhope at 212 Ornate Ave, Fairhope, AL, 36532 generates $2,670/mo in rent and, after a $2,237/mo payment, leaves $90/mo in cash flow. Total monthly income is $2,670/mo, and annual cash flow is $1,083/yr on $151,496 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 7.01% on a $457,000 entry. Equity gained on principal adds $2,949/yr, while 5% annual appreciation builds toward $126,261 over five years. Five-year ROI reaches 105.97% and total cumulative return in cash sums $160,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,670/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
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