710 S Mobile St APT 8FairhopeAL36532
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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 Fairhope at 710 S Mobile St APT 8, Fairhope, AL, 36532 uses $96,135 cash to close to unlock $9,112/yr annual cash flow and $759/mo monthly cash flow. Total monthly income runs $2,894/mo, and a $1,419/mo payment keeps the spread at $759/mo. Purchase price stands at $290,000, and rental yield measures 11.98% with $2,894/mo rent. Return on cash invested shows 29.39% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 155.24% and total cumulative return in cash records $149,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,894/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$300 monthly 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
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Listed by: Anil Vira • Cortright & Company
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367806
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.