6194 State Highway 59 APT J3Gulf 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 State Highway 59 APT J3, Gulf Shores, AL, 36542 offers a 9.64% rental yield on a $226,900 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $1,111/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,362/yr on $75,217 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $1,464/yr while 5% annual appreciation supports $62,688 over five years. Portfolio math shows five-year ROI at 120.97% and total cumulative return in cash at $90,989. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$344 monthly 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: Sam Bass • Alabama Beach Realty LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #356601
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.