467 Colony 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 467 Colony Dr, Fairhope, AL, 36532 generates $2,880/mo in rent, after a $3,764/mo payment. Total monthly income is $2,880/mo. Return on cash invested sits at 8.46% in year one, and rental yield is 4.49% on a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 42.4% and total cumulative return in cash sums $107,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
8,123 sqft lot
$N/A/sqft
$935 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: The Colony At The Grand Team • The Colony At The Grand Realty
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #379222
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.