33 Cottage DrFairhopeAL36532
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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 Fairhope at 33 Cottage Dr, Fairhope, AL, 36532 priced at $284,500 converts $1,541/mo rent into after a $1,392/mo obligation. Total monthly income equals $1,541/mo. Return on cash invested prints 16.91% in year one, and rental yield reads 6.5% against a $284,500 entry. Equity gained on principal adds $1,836/yr, while 5% annual appreciation compiles into $78,602 by year five. Five-year ROI reaches 86.87% and total cumulative return in cash sums $81,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $1,392/mo payment, not borrower’s personal income.
Single Family
Built in 1994
5,140 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
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Listed by: Angel Curtin • Baldwin County Properties, Inc
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #380615
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.