208 Morgan 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
Investment property for sale in Mobile at 208 Morgan Ave, Mobile, AL, 36606 at $159,500 posts ROI 23.25% with $147/mo cash flow from $1,048/mo rent. Total monthly income equals $1,048/mo, and annual cash flow records $1,768/yr on $52,874 to close. Return on cash invested measures 23.25% and rental yield reads 7.88% at the current $159,500. Equity gained on principal adds $1,029/yr, and 5% annual appreciation supports $44,067 by year five. Five-year ROI prints 120.15% and total cumulative return in cash totals $63,529.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,048/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
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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Listed by: Joe Burkholder • Roberts Brothers TREC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #369063
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.