1109 Elmira StMobileAL36604
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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 1109 Elmira St, Mobile, AL, 36604 offers a 7.94% rental yield on a $280,000 purchase with $1,852/mo rent. Total monthly income registers $1,852/mo, and a $1,370/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,264/yr on $92,820 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 120.97% and total cumulative return in cash at $112,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,852/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,870 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36604, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,225 (100%) |
| Owner Occupied HU | 2,263 (43.3%) |
| Renter Occupied HU | 1,784 (34.1%) |
| Vacant Housing Units | 1,178 (22.5%) |
| Median Home Value | $296,824 |
| Average Home Value | $307,895 |
Housing Distribution
Address Breakdown
Residential
4,408
Single Family
3,770
Multi-Family
638
Businesses
329
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