8642 Brook LnFairhopeAL36532
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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 8642 Brook Ln, Fairhope, AL, 36532 uses $79,560 cash to close to unlock $6,710/yr annual cash flow and $559/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $1,175/mo payment keeps the spread at $559/mo. Purchase price stands at $240,000, and rental yield measures 9.84% with $1,969/mo rent. Return on cash invested shows 28.34% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 147.7% and total cumulative return in cash records $117,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1987
9,975 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
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Listed by: Randall Niemeyer • Ashurst & Niemeyer LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7543622
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.