450 Park Ave APT 707FoleyAL36535
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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 707, Foley, AL, 36535 uses $61,891 cash to close to unlock $5,424/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $914/mo payment keeps the spread at $452/mo. Purchase price stands at $186,700, and rental yield measures 11.37% with $1,769/mo rent. Return on cash invested shows 28.67% in year one, and 5% annual appreciation builds toward $51,582 over five years. Five-year ROI reaches 150.96% and total cumulative return in cash records $93,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $914/mo payment rather than investor’s personal income.
Condo
Built in 2007
9.80 Acres lot
$N/A/sqft
$263 monthly 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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