304 Wyld Palms Dr #304FoleyAL36535
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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 Foley at 304 Wyld Palms Dr #304, Foley, AL, 36535 generates $1,522/mo in rent, after a $1,341/mo payment. Total monthly income is $1,522/mo. Return on cash invested sits at 19.59% in year one, and rental yield is 6.67% on a $274,000 entry. Equity gained on principal adds $1,768/yr, while 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 100.4% and total cumulative return in cash sums $91,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,522/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
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