23044 Perdido Beach Blvd APT 362Orange BeachAL36561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Orange Beach at 23044 Perdido Beach Blvd APT 362, Orange Beach, AL, 36561 generates $2,335/mo in rent and, after a $1,468/mo payment, leaves $199/mo in cash flow. Total monthly income is $2,335/mo, and annual cash flow is $2,389/yr on $99,417 invested. Return on cash invested sits at 22.31% in year one, and rental yield is 9.34% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 116.99% and total cumulative return in cash sums $116,308. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,335/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$443 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Kahalley • Shamrock Properties, LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7456514
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.