For Sale
$360,000

104 Laguna CirDaphne, AL 36526

Turnkey Rental, Golf Course Lot, High ROI

Overview

Added:
Feb 13
Days on market:
51
This exceptional investment opportunity presents a single-family home in Daphne, Alabama, a thriving community experiencing significant population growth and high demand for housing. Located on a premium golf course lot in Baldwin County, this property offers substantial potential for appreciation. The 2,300 square foot, two-story home, built in 1994, boasts recent updates including new plumbing and a fortified roof, ensuring both functionality and cost savings through insurance discounts. The property is zoned R-3, providing flexibility for future use. Its proximity to I-10 enhances tenant attraction, appealing to those commuting to Mobile or Pensacola. The home's strong financial performance is reflected in its $360,000 asking price, a $156.52 price per square foot, and a projected 5.40% pro-forma cap rate, generating a pro-forma NOI of $19,457. This turnkey rental property is an ideal addition to any investment portfolio, offering a compelling combination of location, updates, and strong financial projections. The property's location on a golf course lot adds to its desirability and potential for long-term value growth. This is a rare opportunity to acquire a high-performing rental property in a desirable location with significant upside potential.

Highlights

  • $360,000 asking price for this single-family rental property in Daphne, Alabama.
  • 5.40% pro-forma cap rate with a $19,457 pro-forma NOI.
  • Located on a premium golf course lot in a growing area with high housing demand.
  • Recently updated with new plumbing and a new roof.
  • Convenient location near I-10, enhancing tenant appeal.

Property Details for 104 Laguna Cir

Property type
Residential income homes
Square Feet
2,300 SF
Year Built
1994
Buildings
1
Stories
2
Units
1

Location Insight

City
Daphne
County
Baldwin
State
Alabama
Latitude
30.646169470655
Longitude
-87.888945563049
104 Laguna Cir, Daphne, Alabama

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104 Laguna Cir
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