409 Carolyn CirDauphin IslandAL36528
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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 Dauphin Island at 409 Carolyn Cir, Dauphin Island, AL, 36528 priced at $1,400,000 converts $2,990/mo rent into after a $6,852/mo obligation. Total monthly income equals $2,990/mo. Return on cash invested prints 7.38% in year one, and rental yield reads 2.56% against a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation compiles into $386,794 by year five. Five-year ROI reaches 34.8% and total cumulative return in cash sums $157,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,990/mo property income covering a $6,852/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36528, Dauphin Island, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 728 (35.6%) |
| Renter Occupied HU | 119 ( 5.8%) |
| Vacant Housing Units | 1,200 (58.6%) |
| Median Home Value | $377,397 |
| Average Home Value | $415,721 |
Housing Distribution
Address Breakdown
Residential
1,205
Single Family
1,113
Multi-Family
92
Businesses
99
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Listed by: Brandi Nolen • Roberts Brothers TREC
Mls Name: GCMLS
Mls ID: #7626759