24522 Perdido Beach Blvd #2106Orange 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
Rental property for sale in Orange Beach at 24522 Perdido Beach Blvd #2106, Orange Beach, AL, 36561 generates $1,938/mo in rent, after a $1,463/mo payment. Total monthly income is $1,938/mo. Return on cash invested sits at 19.07% in year one, and rental yield is 7.78% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 99.04% and total cumulative return in cash sums $98,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$320 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: Devin Schaff • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7497813
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.