303 W Banyan StBay MinetteAL36507
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
Investment Highlights
Investment property for sale in Bay Minette at 303 W Banyan St, Bay Minette, AL, 36507 at $229,900 posts ROI 33.4% with $857/mo cash flow from $2,154/mo rent. Total monthly income equals $2,154/mo, and annual cash flow records $10,279/yr on $76,212 to close. Return on cash invested measures 33.4% and rental yield reads 11.24% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 174.46% and total cumulative return in cash totals $132,959.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,154/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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Listed by: Gregory Parker • JPAR Gulf Coast - Spanish Fort
Mls Name: Baldwin Realtors
Mls ID: #390342