6194 Gulf Shores Pkwy #E-8Gulf ShoresAL36542
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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 Gulf Shores at 6194 Gulf Shores Pkwy #E-8, Gulf Shores, AL, 36542 uses $82,875 cash to close to unlock $3,582/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $1,224/mo payment keeps the spread at $299/mo. Purchase price stands at $250,000, and rental yield measures 8.21% with $1,710/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash records $103,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
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Listed by: The Pete Vakakes Team • Century 21 J Carter & Company
Mls Name: Baldwin Realtors
Mls ID: #336087