4046 Spinnaker Dr UNIT 202Gulf ShoresAL36542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4046 Spinnaker Dr UNIT 202, Gulf Shores, AL, 36542 offers a 6.35% rental yield on a $344,500 purchase with $1,822/mo rent. 27% in year one. Equity gained on principal adds $2,223/yr while 5% annual appreciation supports $95,179 over five years. Portfolio math shows five-year ROI at 58.47% and total cumulative return in cash at $66,771. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,686/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
$700 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Curlette • Century 21 J Carter & Company
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #373262
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.