611 Morgan AveMobileAL36606
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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 611 Morgan Ave, Mobile, AL, 36606 uses $41,438 cash to close to unlock $3,195/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $981/mo, and a $612/mo payment keeps the spread at $266/mo. Purchase price stands at $125,000, and rental yield measures 9.42% with $981/mo rent. Return on cash invested shows 27.62% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 143.68% and total cumulative return in cash records $59,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $981/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
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Listed by: Libby Thompson • Shamrock Properties, LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7478544
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.