23044 Perdido Beach BlvdOrange 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, Orange beach, AL, 36561 generates $2,639/mo in rent and, after a $1,762/mo payment, leaves $607/mo in cash flow. Total monthly income is $2,639/mo, and annual cash flow is $7,285/yr on $119,307 invested. Return on cash invested sits at 26.01% in year one, and rental yield is 8.8% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 134.9% and total cumulative return in cash sums $160,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,639/mo property income rather than buyer’s personal income.
Condo
Built in 1986
0.99 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Kilpatrick • Riverside Realty, Inc
Mls Name: Strategic MLS Alliance
Mls ID: #526307