1704 McGill AveMobileAL36604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1704 McGill Ave, Mobile, AL, 36604 at $490,000 posts ROI 7.97% with from $1,150/mo rent. Total monthly income equals $1,150/mo. Return on cash invested measures 7.97% and rental yield reads 2.82% at the current $490,000. Equity gained on principal adds $3,162/yr, and 5% annual appreciation supports $135,378 by year five. Five-year ROI prints 38.13% and total cumulative return in cash totals $61,944. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,150/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1978
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiana Darrington • IXL Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7538257
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.