22 Audubon PlFairhopeAL36532
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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 22 Audubon Pl, Fairhope, AL, 36532 priced at $735,000 converts $3,311/mo rent into after a $3,597/mo obligation. Total monthly income equals $3,311/mo. Return on cash invested prints 15.74% in year one, and rental yield reads 5.41% against a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation compiles into $203,067 by year five. Five-year ROI reaches 79.77% and total cumulative return in cash sums $192,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,311/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.35 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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Listed by: Dorman Group • Mobile Bay Realty
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #368080
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.