630 Spanish Main StSpanish FortAL36527
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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 Spanish Fort at 630 Spanish Main St, Spanish Fort, AL, 36527 priced at $340,900 converts $2,520/mo rent into $593/mo cash flow after a $1,669/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $7,119/yr on $113,008 invested. Return on cash invested prints 26.21% in year one, and rental yield reads 8.87% against a $340,900 entry. Equity gained on principal adds $2,200/yr, while 5% annual appreciation compiles into $94,184 by year five. Five-year ROI reaches 135.94% and total cumulative return in cash sums $153,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,669/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.34 Acres lot
$N/A/sqft
$25 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
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Listed by: Mike Toth • RE/MAX By The Bay
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367392
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.