1318 N Dr Martin Luther King Jr AveMobileAL36603
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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 1318 N Dr Martin Luther King Jr Ave, Mobile, AL, 36603 uses $39,780 cash to close to unlock $2,736/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $905/mo, and a $587/mo payment keeps the spread at $228/mo. Purchase price stands at $120,000, and rental yield measures 9.05% with $905/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 138.99% and total cumulative return in cash records $55,291. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $905/mo property income covering a $587/mo payment rather than investor’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: 36603, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,885 (100%) |
| Owner Occupied HU | 1,078 (27.7%) |
| Renter Occupied HU | 1,953 (50.3%) |
| Vacant Housing Units | 854 (22.0%) |
| Median Home Value | $119,133 |
| Average Home Value | $197,221 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,556
Multi-Family
596
Businesses
327
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