610 General Gaines PlDauphin IslandAL36528
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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 Dauphin Island at 610 General Gaines Pl, Dauphin Island, AL, 36528 priced at $485,000 pairs $2,324/mo rent with after a $2,374/mo payment. Total monthly income equals $2,324/mo. Return on cash invested is 16.82% in year one, and rental yield stands at 5.75% on a $485,000 basis. Equity gained on principal adds $3,130/yr, and 5% annual appreciation accumulates to $133,997 by year five. Five-year ROI measures 85.59% and total cumulative return in cash reaches $137,606. For financing, Ziffy Mortgage’s DSCR program evaluates $2,324/mo property income against a $2,374/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36528, Dauphin Island, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 728 (35.6%) |
| Renter Occupied HU | 119 ( 5.8%) |
| Vacant Housing Units | 1,200 (58.6%) |
| Median Home Value | $377,397 |
| Average Home Value | $415,721 |
Housing Distribution
Address Breakdown
Residential
1,205
Single Family
1,113
Multi-Family
92
Businesses
99
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Listed by: Stormie Knox • RE/MAX Realty Professionals
Mls Name: GCMLS
Mls ID: #7681912