504 Charing Cross StFairhopeAL36532
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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 Fairhope at 504 Charing Cross St, Fairhope, AL, 36532 listed at $398,900 pairs $2,640/mo rent with a $1,952/mo payment to leave $368/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $4,416/yr on $132,235 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 7.94% at a $398,900 basis. Equity gained on principal adds $2,574/yr, and annual property appreciation at 5% supports $110,209 by year five. Five-year ROI tracks 120.08% and total cumulative return in cash totals $158,790. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,952/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
0.29 Acres lot
$N/A/sqft
$250 annually 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: Lucy Lety • Ashurst & Niemeyer LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #377428
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.