462 6th AveChickasawAL36611
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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 Chickasaw at 462 6th Ave, Chickasaw, AL, 36611 priced at $199,900 converts $1,276/mo rent into $148/mo cash flow after a $978/mo obligation. Total monthly income equals $1,276/mo, and annual cash flow totals $1,777/yr on $66,267 invested. Return on cash invested prints 22.59% in year one, and rental yield reads 7.66% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 116.58% and total cumulative return in cash sums $77,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,276/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.48 Acres 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: Melody Fillingim • All-Star Real Estate Services
Mls Name: GCMLS
Mls Provider:
Mls ID: #7552269
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.