309 Court StChickasawAL36611
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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 Chickasaw at 309 Court St, Chickasaw, AL, 36611 uses $41,438 cash to close to unlock $2,649/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $942/mo, and a $612/mo payment keeps the spread at $221/mo. Purchase price stands at $125,000, and rental yield measures 9.04% with $942/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 136.58% and total cumulative return in cash records $56,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $942/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,346 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36611, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,932 (100%) |
| Owner Occupied HU | 1,415 (48.3%) |
| Renter Occupied HU | 1,183 (40.3%) |
| Vacant Housing Units | 334 (11.4%) |
| Median Home Value | $123,512 |
| Average Home Value | $171,894 |
Housing Distribution
Address Breakdown
Residential
2,668
Single Family
2,585
Multi-Family
83
Businesses
141
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Listed by: Cassandra Curtis • Clear Path Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7539158
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.