303 W Banyan StBay MinetteAL36507
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 303 W Banyan St, Bay Minette, AL, 36507 in Bay Minette speaks for itself: 11.24% gross on a $229,900 price, generating $2,154/mo in rent and $856/mo in net income after the $1,034/mo debt service. DSCR 2.08, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,276 stacks alongside $63,517 in projected five-year appreciation and $2,117/yr in principal reduction. Projected total cumulative return: $141,733.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.0% |
| Monthly Cash Flow | $856 | $200 |
City averages based on Bay Minette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,154 |
| Total Monthly Debt Service | $1,206 |
| DSCR Ratio | 1.79x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1964
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Parker • JPAR Gulf Coast - Spanish Fort
Mls Name: Baldwin Realtors
Mls ID: #390342