500 Grant St #115DDaphneAL36526
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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 Daphne at 500 Grant St #115D, Daphne, AL, 36526 uses $43,062 cash to close to unlock $3,415/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,018/mo, and a $636/mo payment keeps the spread at $285/mo. Purchase price stands at $129,900, and rental yield measures 9.4% with $1,018/mo rent. Return on cash invested shows 27.84% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 144.73% and total cumulative return in cash records $62,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,018/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36526, Daphne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 12,007 (67.1%) |
| Renter Occupied HU | 4,253 (23.8%) |
| Vacant Housing Units | 1,639 ( 9.2%) |
| Median Home Value | $350,867 |
| Average Home Value | $399,652 |
Housing Distribution
Address Breakdown
Residential
16,538
Single Family
14,571
Multi-Family
1,967
Businesses
1,632
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