1010 Linlen AveMobileAL36609
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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 Mobile at 1010 Linlen Ave, Mobile, AL, 36609 priced at $245,900 converts $2,143/mo rent into $755/mo cash flow after a $1,204/mo obligation. Total monthly income equals $2,143/mo, and annual cash flow totals $9,055/yr on $81,516 invested. Return on cash invested prints 31.02% in year one, and rental yield reads 10.46% against a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,938 by year five. Five-year ROI reaches 161.72% and total cumulative return in cash sums $131,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,143/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 2004
4,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,706 (100%) |
| Owner Occupied HU | 4,936 (38.8%) |
| Renter Occupied HU | 6,721 (52.9%) |
| Vacant Housing Units | 1,049 ( 8.3%) |
| Median Home Value | $228,794 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
6,555
Multi-Family
4,937
Businesses
1,002
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Listed by: Tiffany Rose • RE/MAX Partners
Mls Name: GCMLS
Mls Provider:
Mls ID: #7486470
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.