24114 Perdido Beach Blvd APT 603Orange 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 $2,562/mo, and a $2,393/mo payment. Purchase price stands at $489,000, and rental yield measures 6.29% with $2,562/mo rent. Return on cash invested shows 18.45% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 94.29% and total cumulative return in cash records $152,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,562/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Condo
Built in 1999
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: Doug Grantham • REMAX OF ORANGE BEACH-CANAL BR
Mls Name: Baldwin Realtors
Mls ID: #389700