586 Morning Mist WayFairhopeAL36532
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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 586 Morning Mist Way, Fairhope, AL, 36532 offers a 6.95% rental yield on a $461,187 purchase with $2,670/mo rent. 6% in year one. Equity gained on principal adds $2,976/yr while 5% annual appreciation supports $127,417 over five years. Portfolio math shows five-year ROI at 100.77% and total cumulative return in cash at $154,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,670/mo property income against a $2,257/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
$1,275 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: Kim Wiggins • DHI Realty of Alabama, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #376753
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.