162 Michigan AveMobileAL36604
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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 162 Michigan Ave, Mobile, AL, 36604 with 5% annual appreciation on a $354,000 basis while $2,384/mo rent supports operations. Total monthly income totals $2,384/mo and a $1,733/mo payment preserves $365/mo for cash returns. Annual cash flow comes to $4,378/yr on $117,351 deployed, and return on cash invested reaches 23.64% in year one. Equity gained on principal adds $2,284/yr, and five-year appreciation sums $97,804 alongside rental yield of 8.08%. Five-year ROI measures 122.21% and total cumulative return in cash totals $143,410.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,384/mo property income versus a $1,733/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
7,627 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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Listed by: Scott Williams • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7489282
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.