322 2nd 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 322 2nd St, Chickasaw, AL, 36611 uses $44,753 cash to close to unlock $3,381/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,044/mo, and a $661/mo payment keeps the spread at $282/mo. Purchase price stands at $135,000, and rental yield measures 9.28% with $1,044/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 142.68% and total cumulative return in cash records $63,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,044/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1993
6,534 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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