24132 Perdido Beach Blvd APT 1024Orange 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 24132 Perdido Beach Blvd APT 1024, Orange Beach, AL, 36561 listed at $509,900 pairs $2,562/mo rent with a $2,496/mo payment. Total monthly income runs $2,562/mo. Return on cash invested measures 14.5% in year one, and rental yield registers 6.03% at a $509,900 basis. Equity gained on principal adds $3,290/yr, and annual property appreciation at 5% supports $140,876 by year five. Five-year ROI tracks 74.28% and total cumulative return in cash totals $124,616. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,562/mo property income relative to a $2,496/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
$461 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
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Listed by: Kasey Harris • Brett R/E Robinson Dev OB
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #375894
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