505 W 7th StBay MinetteAL36507
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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 Bay Minette at 505 W 7th St, Bay Minette, AL, 36507 priced at $222,000 converts $2,185/mo rent into $858/mo cash flow after a $1,087/mo obligation. Total monthly income equals $2,185/mo, and annual cash flow totals $10,301/yr on $73,593 invested. Return on cash invested prints 33.91% in year one, and rental yield reads 11.81% against a $222,000 entry. Equity gained on principal adds $1,433/yr, while 5% annual appreciation compiles into $61,335 by year five. Five-year ROI reaches 177.66% and total cumulative return in cash sums $130,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,185/mo property income covering a $1,087/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36507, Bay Minette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,008 (100%) |
| Owner Occupied HU | 5,931 (65.8%) |
| Renter Occupied HU | 1,994 (22.1%) |
| Vacant Housing Units | 1,083 (12.0%) |
| Median Home Value | $244,654 |
| Average Home Value | $269,012 |
Housing Distribution
Address Breakdown
Residential
7,944
Single Family
7,570
Multi-Family
374
Businesses
647
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Listed by: Delaney Tyndall • Dodson Real Estate Group, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367159
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.