1910 Myrtle AveMobileAL36606
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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 1910 Myrtle Ave, Mobile, AL, 36606 offers $1,340/mo rent that, after a $709/mo payment, leaves $417/mo cash flow. Total monthly income is $1,340/mo, and annual cash flow is $5,009/yr on $48,001 cash. Return on cash invested measures 30.34% in year one, and rental yield stands at 11.1% at a $144,800 entry. Equity gained on principal adds $934/yr while 5% annual appreciation compounds into $40,006 by year five. Five-year ROI records 159.11% and total cumulative return in cash reaches $76,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,340/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
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