6194 State Highway 59 APT G5Gulf 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
Rental property for sale in Gulf Shores at 6194 State Highway 59 APT G5, Gulf Shores, AL, 36542 generates $1,214/mo in rent and, after a $778/mo payment, leaves $317/mo in cash flow. Total monthly income is $1,214/mo, and annual cash flow is $3,801/yr on $52,709 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.16% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 140.79% and total cumulative return in cash sums $74,208. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,214/mo property income rather than buyer’s personal income.
Condo
Built in 2006
15 Acres 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: Charles Ogletree • RE/MAX of Gulf Shores
Mls Name: Baldwin Realtors
Mls ID: #389682