400 Plantation Rd #2115Gulf 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 400 Plantation Rd #2115, Gulf Shores, AL, 36542 uses $115,694 cash to close to unlock $2,547/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $2,182/mo, and a $1,708/mo payment keeps the spread at $212/mo. Purchase price stands at $349,000, and rental yield measures 7.5% with $2,182/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 113.95% and total cumulative return in cash records $131,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,182/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A 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: Rick Davis • Powerhouse Realty - EXP
Mls Name: WAMLS
Mls ID: #171459