661 Petit AveMobileAL36617
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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
Rental property for sale in Mobile at 661 Petit Ave, Mobile, AL, 36617 priced at $180,000 pairs $1,400/mo rent with $384/mo cash flow after a $881/mo payment. Total monthly income equals $1,400/mo, and annual cash flow comes to $4,608/yr on $59,670 invested. Return on cash invested is 27.63% in year one, and rental yield stands at 9.33% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 143.54% and total cumulative return in cash reaches $85,649. For financing, Ziffy Mortgage’s DSCR program evaluates $1,400/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,598 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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Listed by: Tomika Woods • IXL Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7648625
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.