531 W Laurel AveFoleyAL36535
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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 Foley at 531 W Laurel Ave, Foley, AL, 36535 offers $1,487/mo rent that, after a $3,617/mo payment. Total monthly income is $1,487/mo. Return on cash invested measures 6.81% in year one, and rental yield stands at 2.41% at a $739,000 entry. Equity gained on principal adds $4,769/yr while 5% annual appreciation compounds into $204,172 by year five. Five-year ROI records 31.85% and total cumulative return in cash reaches $77,444. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,487/mo property income versus a $3,617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
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Listed by: Alla Nikitina • Ryals Realty Services, Inc
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367907
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.