637 Abita LnFoleyAL36535
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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 Foley at 637 Abita Ln, Foley, AL, 36535 uses $160,778 cash to close to unlock $315/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $2,374/mo payment keeps the spread at $26/mo. Purchase price stands at $485,000, and rental yield measures 6.84% with $2,764/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 103.2% and total cumulative return in cash records $165,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36535, Foley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,865 (100%) |
| Owner Occupied HU | 12,586 (60.3%) |
| Renter Occupied HU | 5,135 (24.6%) |
| Vacant Housing Units | 3,144 (15.1%) |
| Median Home Value | $299,550 |
| Average Home Value | $322,808 |
Housing Distribution
Address Breakdown
Residential
18,404
Single Family
17,522
Multi-Family
882
Businesses
1,276
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