44 Cottage DrFairhopeAL36532
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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 Fairhope at 44 Cottage Dr, Fairhope, AL, 36532 priced at $287,400 pairs $2,760/mo rent with $1,057/mo cash flow after a $1,407/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $12,689/yr on $95,273 invested. Return on cash invested is 33.23% in year one, and rental yield stands at 11.52% on a $287,400 basis. Equity gained on principal adds $1,855/yr, and 5% annual appreciation accumulates to $79,403 by year five. Five-year ROI measures 173.95% and total cumulative return in cash reaches $165,724. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $1,407/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
4,791 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
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Listed by: Renee Marshall • Sweet Willow Realty
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #389624
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.