1451 Morlee Dr WMobileAL36618
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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 1451 Morlee Dr W, Mobile, AL, 36618 uses $57,979 cash to close to unlock $4,162/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,334/mo, and a $856/mo payment keeps the spread at $347/mo. Purchase price stands at $174,900, and rental yield measures 9.15% with $1,334/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 140.64% and total cumulative return in cash records $81,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,334/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36618, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,330 (100%) |
| Owner Occupied HU | 4,914 (67.0%) |
| Renter Occupied HU | 1,914 (26.1%) |
| Vacant Housing Units | 502 ( 6.8%) |
| Median Home Value | $182,353 |
| Average Home Value | $221,358 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
6,603
Multi-Family
440
Businesses
440
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Listed by: Heather Mclemore • Better Homes & Gardens RE Platinum Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7567336
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