23450 Perdido Beach Blvd APT 2215Orange 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
Investment property for sale in Orange Beach at 23450 Perdido Beach Blvd APT 2215, Orange Beach, AL, 36561 earns from $3,340/mo rent with a $4,297/mo payment. Total monthly income totals $3,340/mo. ROI tracks 13.35% on current figures, and rental yield reads 4.56% at a $878,000 purchase. Equity gained on principal adds $5,666/yr, and 5% annual appreciation supports $242,575 over five years. Five-year ROI reaches 66.91% and total cumulative return in cash sums $193,288. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,340/mo property income instead of your personal income.
Condo
Built in 2013
8.97 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
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Listed by: Heather Harp • RE/MAX OF ORANGE BEACH
Mls Name: PAR
Mls ID: #673601