22778 Placid DrFoleyAL36535
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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 Foley at 22778 Placid Dr, Foley, AL, 36535 listed at $360,000 pairs $2,297/mo rent with a $1,762/mo payment to leave $230/mo cash flow. Total monthly income runs $2,297/mo, and annual cash flow reaches $2,760/yr on $119,340 cash to close. Return on cash invested measures 22.22% in year one, and rental yield registers 7.66% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 114.65% and total cumulative return in cash totals $136,821. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,297/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
$420 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
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Listed by: Donna Fitts • RE/MAX OF ORANGE BEACH
Mls Name: PAR
Mls Provider:
Mls ID: #665137
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