424 Byron Ave EMobileAL36609
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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 424 Byron Ave E, Mobile, AL, 36609 generates $2,543/mo in rent and, after a $1,661/mo payment, leaves $592/mo in cash flow. Total monthly income is $2,543/mo, and annual cash flow is $7,099/yr on $112,504 invested. Return on cash invested sits at 26.22% in year one, and rental yield is 8.99% on a $339,379 entry. Equity gained on principal adds $2,190/yr, while 5% annual appreciation builds toward $93,764 over five years. Five-year ROI reaches 136.1% and total cumulative return in cash sums $153,123. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,543/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,706 (100%) |
| Owner Occupied HU | 4,936 (38.8%) |
| Renter Occupied HU | 6,721 (52.9%) |
| Vacant Housing Units | 1,049 ( 8.3%) |
| Median Home Value | $228,794 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
6,555
Multi-Family
4,937
Businesses
1,002
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Listed by: Melissa Strickland • Keller Williams Spring Hill
Mls Name: GCMLS
Mls Provider:
Mls ID: #7483120
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.