403 Bernard Ct EGulf 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 403 Bernard Ct E, Gulf Shores, AL, 36542 priced at $698,990 pairs $2,880/mo rent with after a $3,421/mo payment. Total monthly income equals $2,880/mo. Return on cash invested is 14.5% in year one, and rental yield stands at 4.94% on a $698,990 basis. Equity gained on principal adds $4,510/yr, and 5% annual appreciation accumulates to $193,118 by year five. Five-year ROI measures 73.09% and total cumulative return in cash reaches $168,083. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
6,185 sqft 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: Chuck Barnes • HomeSmart Sunshine Realty
Mls Name: Baldwin Realtors
Mls ID: #367401