2603 Scarlet DrBay MinetteAL36507
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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 Bay Minette at 2603 Scarlet Dr, Bay Minette, AL, 36507 earns $745/mo cash flow from $2,040/mo rent with a $1,123/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $8,938/yr on $76,079 capital. ROI tracks 31.66% on current figures, and rental yield reads 10.67% at a $229,500 purchase. Equity gained on principal adds $1,481/yr, and 5% annual appreciation supports $63,407 over five years. Five-year ROI reaches 165.12% and total cumulative return in cash sums $125,622. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Single Family
Built in 1994
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36507, Bay Minette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,008 (100%) |
| Owner Occupied HU | 5,931 (65.8%) |
| Renter Occupied HU | 1,994 (22.1%) |
| Vacant Housing Units | 1,083 (12.0%) |
| Median Home Value | $244,654 |
| Average Home Value | $269,012 |
Housing Distribution
Address Breakdown
Residential
7,944
Single Family
7,570
Multi-Family
374
Businesses
647
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Listed by: The Carruth Team • eXp Realty, LLC Gulf Shores Br
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #384088
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.