50 Forney Johnston Dr UNIT D7Dauphin 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
Investment property for sale in Dauphin Island at 50 Forney Johnston Dr UNIT D7, Dauphin Island, AL, 36528 with 5% annual appreciation on a $349,000 basis while $1,800/mo rent supports operations. 15% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 6.19%. Five-year ROI measures 92.72% and total cumulative return in cash totals $107,268. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,800/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2005
0.27 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: Leanne Carpenter • RE/MAX Realty Professionals
Mls Name: Baldwin Realtors
Mls ID: #384032