93 Lagoon DrGulf ShoresAL36542
Nearby investment properties with comparable rents
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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 Gulf Shores at 93 Lagoon Dr, Gulf Shores, AL, 36542 offers $2,880/mo rent that, after a $3,274/mo payment. Total monthly income is $2,880/mo. Return on cash invested measures 15.18% in year one, and rental yield stands at 5.17% at a $669,000 entry. Equity gained on principal adds $4,317/yr while 5% annual appreciation compounds into $184,832 by year five. Five-year ROI records 76.72% and total cumulative return in cash reaches $168,867. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $3,274/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36542, Gulf Shores, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,438 (100%) |
| Owner Occupied HU | 6,282 (30.7%) |
| Renter Occupied HU | 3,228 (15.8%) |
| Vacant Housing Units | 10,928 (53.5%) |
| Median Home Value | $407,892 |
| Average Home Value | $473,194 |
Housing Distribution
Address Breakdown
Residential
14,536
Single Family
9,700
Multi-Family
4,836
Businesses
523
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Listed by: Michael Wiley • Berkshire Hathaway HomeService
Mls Name: Baldwin Realtors
Mls ID: #387509