513 Westchase Ct NFairhopeAL36532
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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 513 Westchase Ct N, Fairhope, AL, 36532 with 5% annual appreciation on a $242,500 basis while $1,675/mo rent supports operations. Total monthly income totals $1,675/mo and a $1,187/mo payment preserves $235/mo for cash returns. Annual cash flow comes to $2,824/yr on $80,389 deployed, and return on cash invested reaches 23.42% in year one. Equity gained on principal adds $1,565/yr, and five-year appreciation sums $66,998 alongside rental yield of 8.29%. Five-year ROI measures 121.38% and total cumulative return in cash totals $97,579.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,675/mo property income versus a $1,187/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
4,268 sqft lot
$N/A/sqft
$200 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: Shannon Hesse Smart • South Coast Properties
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #375806
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.