309 E 1st StBay 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
Rental property for sale in Bay Minette at 309 E 1st St, Bay Minette, AL, 36507 generates $3,300/mo in rent and, after a $1,713/mo payment, leaves $1,288/mo in cash flow. Total monthly income is $3,300/mo, and annual cash flow is $15,451/yr on $115,992 invested. Return on cash invested sits at 33.23% in year one, and rental yield is 11.32% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 173.71% and total cumulative return in cash sums $201,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,300/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.67 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: Keara Hunter • Keller Williams AGC Realty-Da
Mls Name: GCMLS
Mls Provider:
Mls ID: #7547983
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.