29587 Canal RdOrange 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 29587 Canal Rd, Orange Beach, AL, 36561 offers a 8.02% rental yield on a $359,000 purchase with $2,399/mo rent. Total monthly income registers $2,399/mo, and a $1,757/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,473/yr on $119,009 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 122.29% and total cumulative return in cash at $145,531. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,399/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1975
8,568 sqft 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: Joe Curlette • Century 21 J Carter & Company
Mls Name: Baldwin Realtors
Mls ID: #384863