3659 Prestwick CirGulf 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
Rental property for sale in Gulf Shores at 3659 Prestwick Cir, Gulf Shores, AL, 36542 priced at $605,000 converts $2,701/mo rent into after a $2,961/mo obligation. Total monthly income equals $2,701/mo. Return on cash invested prints 15.76% in year one, and rental yield reads 5.36% against a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation compiles into $167,150 by year five. Five-year ROI reaches 79.84% and total cumulative return in cash sums $158,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,701/mo property income covering a $2,961/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.92 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: Summer Pate • Smitherman Partners RE
Mls Name: GCMLS
Mls ID: #7549284