10474 Loamy AveMobileAL36608
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Mobile at 10474 Loamy Ave, Mobile, AL, 36608 uses $112,677 cash to close to unlock $11,273/yr annual cash flow and $939/mo monthly cash flow. Total monthly income runs $2,900/mo, and a $1,664/mo payment keeps the spread at $939/mo. Purchase price stands at $339,900, and rental yield measures 10.24% with $2,900/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 155.96% and total cumulative return in cash records $175,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,900/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2020
8,894 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Hoven • Keller Williams - Mobile
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #383386
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.