764 Northrop StFairhopeAL36532
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
Investment property for sale in Fairhope at 764 Northrop St, Fairhope, AL, 36532 at $230,000 posts ROI 35.39% with $984/mo cash flow from $2,356/mo rent. Total monthly income equals $2,356/mo, and annual cash flow records $11,802/yr on $76,245 to close. Return on cash invested measures 35.39% and rental yield reads 12.29% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 185.58% and total cumulative return in cash totals $141,499.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,356/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
7,797 sqft lot
$N/A/sqft
No 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: Emily Burke • Century 21 J Carter & Company
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #357794
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.