23490 Carnoustie 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
Total monthly income runs $2,220/mo, and a $4,792/mo payment. Purchase price stands at $979,000, and rental yield measures 2.72% with $2,220/mo rent. Return on cash invested shows 7.64% in year one, and 5% annual appreciation builds toward $270,480 over five years. Five-year ROI reaches 36.32% and total cumulative return in cash records $116,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $4,792/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.76 Acres lot
$N/A/sqft
$340 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: The Carruth Team • eXp Realty, LLC Gulf Shores Br
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #376970
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.