505 Beach Blvd #3CGulf ShoresAL36542
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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 Gulf Shores at 505 Beach Blvd #3C, Gulf Shores, AL, 36542 earns from $1,822/mo rent with a $2,403/mo payment. Total monthly income totals $1,822/mo. ROI tracks 8.57% on current figures, and rental yield reads 4.45% at a $490,900 purchase. Equity gained on principal adds $3,168/yr, and 5% annual appreciation supports $135,627 over five years. Five-year ROI reaches 42.91% and total cumulative return in cash sums $69,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,822/mo property income instead of your personal income.
Condo
Built in 1984
0.32 Acres lot
$N/A/sqft
$491 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
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Listed by: Mandy Longshore • RE/MAX of Gulf Shores
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #353307
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.