354 S Summit StFairhopeAL36532
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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
Investment property for sale in Fairhope at 354 S Summit St, Fairhope, AL, 36532 at $1,012,500 posts ROI 10.98% with from $3,148/mo rent. Total monthly income equals $3,148/mo. Return on cash invested measures 10.98% and rental yield reads 3.73% at the current $1,012,500. Equity gained on principal adds $6,534/yr, and 5% annual appreciation supports $279,735 by year five. Five-year ROI prints 54.12% and total cumulative return in cash totals $177,544. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,148/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1939
0.44 Acres lot
$N/A/sqft
No 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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