355 W 23rd AveGulf ShoresAL36542
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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 Gulf Shores at 355 W 23rd Ave, Gulf Shores, AL, 36542 offers a 11.58% rental yield on a $313,500 purchase with $3,024/mo rent. Total monthly income registers $3,024/mo, and a $1,534/mo payment leaves $1,255/mo available for distribution. Annual cash flow reaches $15,058/yr on $103,925 to close, and return on cash invested stands at 34.4% in year one. Equity gained on principal adds $2,023/yr while 5% annual appreciation supports $86,614 over five years. Portfolio math shows five-year ROI at 179.82% and total cumulative return in cash at $186,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,024/mo property income against a $1,534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
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Listed by: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11484966