450 Park Ave APT 202FoleyAL36535
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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 Foley at 450 Park Ave APT 202, Foley, AL, 36535 earns $685/mo cash flow from $1,982/mo rent with a $1,125/mo payment. Total monthly income totals $1,982/mo, and annual cash flow totals $8,215/yr on $76,212 capital. ROI tracks 30.69% on current figures, and rental yield reads 10.35% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash sums $121,883. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,982/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
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