5608 Cottage Hill Rd APT 112MobileAL36609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5608 Cottage Hill Rd APT 112, Mobile, AL, 36609 offers a 9.64% rental yield on a $110,130 purchase with $885/mo rent. Total monthly income registers $885/mo, and a $539/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,161/yr on $36,508 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $711/yr while 5% annual appreciation supports $30,427 over five years. Portfolio math shows five-year ROI at 148.65% and total cumulative return in cash at $54,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $885/mo property income against a $539/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
4.14 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices