603 Cedar StFoleyAL36535
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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 Foley at 603 Cedar St, Foley, AL, 36535 with 5% annual appreciation on a $859,000 basis while $2,700/mo rent supports operations. 94% in year one. Equity gained on principal adds $5,543/yr, and five-year appreciation sums $237,326 alongside rental yield of 3.77%. Five-year ROI measures 53.98% and total cumulative return in cash totals $152,559. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,700/mo property income versus a $4,204/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2005
0.35 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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