6194 State Highway 59 APT K3Gulf ShoresAL36542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 K3, Gulf Shores, AL, 36542 generates $2,924/mo in rent and, after a $1,122/mo payment, leaves $1,400/mo in cash flow. Total monthly income is $2,924/mo, and annual cash flow is $16,800/yr on $76,013 invested. Return on cash invested sits at 42.01% in year one, and rental yield is 15.3% on a $229,300 entry. Equity gained on principal adds $1,480/yr, while 5% annual appreciation builds toward $63,351 over five years. Five-year ROI reaches 222.01% and total cumulative return in cash sums $168,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,924/mo property income rather than buyer’s personal income.
Apartment
Built in 1996
N/A lot
$N/A/sqft
$230 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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Nearby investment properties with comparable prices
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