1108 Middle Ring RdMobileAL36608
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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
Investment property for sale in Mobile at 1108 Middle Ring Rd, Mobile, AL, 36608 uses $59,670 cash to close to unlock $6,346/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $881/mo payment keeps the spread at $529/mo. Purchase price stands at $180,000, and rental yield measures 10.53% with $1,579/mo rent. Return on cash invested shows 30.54% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 159.4% and total cumulative return in cash records $95,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No 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
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Listed by: Michaela Callow • Elite Real Estate Solutions, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #382736
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.