23008 Perdido Beach Blvd #2404Orange BeachAL36561
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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
Total monthly income runs $3,360/mo, and a $9,177/mo payment. Purchase price stands at $1,875,000, and rental yield measures 2.15% with $3,360/mo rent. Return on cash invested shows 6.1% in year one, and 5% annual appreciation builds toward $518,028 over five years. Five-year ROI reaches 27.97% and total cumulative return in cash records $169,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $9,177/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36561, Orange Beach, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,068 (100%) |
| Owner Occupied HU | 3,266 (20.3%) |
| Renter Occupied HU | 916 ( 5.7%) |
| Vacant Housing Units | 11,886 (74.0%) |
| Median Home Value | $532,092 |
| Average Home Value | $613,951 |
Housing Distribution
Address Breakdown
Residential
12,184
Single Family
5,063
Multi-Family
7,121
Businesses
766
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Listed by: Kasey Harris • Brett R/E Robinson Dev OB
Mls Name: Baldwin Realtors
Mls ID: #383642