1318 Dr Martin Luther King Jr BlvdMobileAL36610
Nearby investment properties with comparable rents
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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 1318 Dr Martin Luther King Jr Blvd, Mobile, AL, 36610 priced at $115,000 converts $886/mo rent into $237/mo cash flow after a $563/mo obligation. Total monthly income equals $886/mo, and annual cash flow totals $2,841/yr on $38,123 invested. Return on cash invested prints 27.36% in year one, and rental yield reads 9.25% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 142.11% and total cumulative return in cash sums $54,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $886/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36610, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,206 (100%) |
| Owner Occupied HU | 2,074 (39.8%) |
| Renter Occupied HU | 1,981 (38.1%) |
| Vacant Housing Units | 1,151 (22.1%) |
| Median Home Value | $53,742 |
| Average Home Value | $116,964 |
Housing Distribution
Address Breakdown
Residential
4,207
Single Family
4,111
Multi-Family
96
Businesses
349
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Listed by: Devin Schaff • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7244248
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.