8342 Ellens Cove Dr SGrand BayAL36541
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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 Grand Bay at 8342 Ellens Cove Dr S, Grand Bay, AL, 36541 earns $52/mo cash flow from $1,800/mo rent with a $1,483/mo payment. Total monthly income totals $1,800/mo, and annual cash flow totals $628/yr on $100,411 capital. ROI tracks 20.53% on current figures, and rental yield reads 7.13% at a $302,900 purchase. Equity gained on principal adds $1,955/yr, and 5% annual appreciation supports $83,686 over five years. Five-year ROI reaches 105.68% and total cumulative return in cash sums $106,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36541, Grand Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,201 (100%) |
| Owner Occupied HU | 4,665 (75.2%) |
| Renter Occupied HU | 983 (15.9%) |
| Vacant Housing Units | 553 ( 8.9%) |
| Median Home Value | $221,927 |
| Average Home Value | $237,174 |
Housing Distribution
Address Breakdown
Residential
5,529
Single Family
5,529
Multi-Family
0
Businesses
202
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Listed by: Jennie Ely • DHI Realty of Alabama LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7606302
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.