578 Golden Leaf AveFairhopeAL36532
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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 Fairhope at 578 Golden Leaf Ave, Fairhope, AL, 36532 priced at $499,900 converts $3,142/mo rent into $287/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,142/mo, and annual cash flow totals $3,441/yr on $165,717 invested. Return on cash invested prints 21.99% in year one, and rental yield reads 7.54% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 113.36% and total cumulative return in cash sums $187,848. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,142/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
$400 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: Stephanie Fowler • Roberts Brothers, Inc Malbis
Mls Name: GCMLS
Mls Provider:
Mls ID: #7562006
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.