6140 Louise Pl 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 6140 Louise Pl E, Mobile, AL, 36609 offers $2,107/mo rent that, after a $1,684/mo payment, leaves $113/mo cash flow. Total monthly income is $2,107/mo, and annual cash flow is $1,359/yr on $114,036 cash. Return on cash invested measures 21.1% in year one, and rental yield stands at 7.35% at a $344,000 entry. Equity gained on principal adds $2,220/yr while 5% annual appreciation compounds into $95,041 by year five. Five-year ROI records 108.75% and total cumulative return in cash reaches $124,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,107/mo property income versus a $1,684/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
6,416 sqft lot
$N/A/sqft
$250 annually 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: Shane Hale • Bellator Real Estate LLC Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7618277
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.