104 Laguna Cir Daphne, AL 36526
- Residential income homes
- 2,300 SF
Current Use by Public Records
- Residential income homes
Property Details for 104 Laguna Cir
- Year built
- 1994
- Property size
- 2,300 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daphne
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.888945563049
- Latitude
- 30.646169470655
