609 Caton AveMobileAL36617
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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 Mobile at 609 Caton Ave, Mobile, AL, 36617 with 5% annual appreciation on a $130,000 basis while $1,520/mo rent supports operations. Total monthly income totals $1,520/mo and a $636/mo payment preserves $787/mo for cash returns. Annual cash flow comes to $9,438/yr on $43,095 deployed, and return on cash invested reaches 41.81% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 14.03%. Five-year ROI measures 219.6% and total cumulative return in cash totals $94,635.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,520/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36617, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,782 (100%) |
| Owner Occupied HU | 2,743 (47.4%) |
| Renter Occupied HU | 2,019 (34.9%) |
| Vacant Housing Units | 1,020 (17.6%) |
| Median Home Value | $84,814 |
| Average Home Value | $164,904 |
Housing Distribution
Address Breakdown
Residential
5,126
Single Family
4,670
Multi-Family
456
Businesses
240
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