8928 Bay Point DrElbertaAL36530
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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
Rental property for sale in Elberta at 8928 Bay Point Dr, Elberta, AL, 36530 priced at $530,000 converts $3,088/mo rent into $25/mo cash flow after a $2,594/mo obligation. Total monthly income equals $3,088/mo, and annual cash flow totals $294/yr on $174,370 invested. Return on cash invested prints 20.23% in year one, and rental yield reads 6.99% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 104% and total cumulative return in cash sums $181,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,088/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36530, Elberta, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,581 (100%) |
| Owner Occupied HU | 2,894 (63.2%) |
| Renter Occupied HU | 835 (18.2%) |
| Vacant Housing Units | 852 (18.6%) |
| Median Home Value | $286,771 |
| Average Home Value | $387,855 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,202
Multi-Family
0
Businesses
154
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Listed by: Trevor White • Scout South Properties
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #377643
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.