601 Day AveBay 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
Investment property for sale in Bay Minette at 601 Day Ave, Bay Minette, AL, 36507 offers a 9.56% rental yield on a $189,900 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $929/mo payment leaves $442/mo available for distribution. Annual cash flow reaches $5,299/yr on $62,952 to close, and return on cash invested stands at 28.33% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 147.28% and total cumulative return in cash at $92,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.35 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: Kathy Bryars • Delta Realty LLC
Mls Name: Baldwin Realtors
Mls ID: #384837