610 E Walker 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 610 E Walker Ave, Foley, AL, 36535 priced at $280,000 converts $2,436/mo rent into $856/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,436/mo, and annual cash flow totals $10,272/yr on $92,820 invested. Return on cash invested prints 30.98% in year one, and rental yield reads 10.44% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 161.46% and total cumulative return in cash sums $149,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,436/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1978
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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Listed by: Roddy Burkle • Living My Best Life Realty
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #380978
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.