629 Sharpsburg AveFairhopeAL36532
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 Fairhope at 629 Sharpsburg Ave, Fairhope, AL, 36532 priced at $610,000 converts $3,527/mo rent into $0/mo cash flow after a $2,986/mo obligation. Total monthly income equals $3,527/mo, and annual cash flow totals $2/yr on $200,690 invested. Return on cash invested prints 20.06% in year one, and rental yield reads 6.94% against a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,532 by year five. Five-year ROI reaches 103.09% and total cumulative return in cash sums $206,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,527/mo property income covering a $2,986/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36532, Fairhope, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,908 (100%) |
| Owner Occupied HU | 13,032 (68.9%) |
| Renter Occupied HU | 3,563 (18.8%) |
| Vacant Housing Units | 2,313 (12.2%) |
| Median Home Value | $443,110 |
| Average Home Value | $519,568 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
15,732
Multi-Family
1,172
Businesses
1,124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darla Scott • EXIT Realty Lyon & Assoc.Fhope
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #378541
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.