803 Neely AvePrichardAL36610
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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 Prichard at 803 Neely Ave, Prichard, AL, 36610 generates $1,159/mo in rent and, after a $637/mo payment, leaves $334/mo in cash flow. Total monthly income is $1,159/mo, and annual cash flow is $4,011/yr on $43,161 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 10.68% on a $130,200 entry. Equity gained on principal adds $840/yr, while 5% annual appreciation builds toward $35,972 over five years. Five-year ROI reaches 152.98% and total cumulative return in cash sums $66,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,159/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36610, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,206 (100%) |
| Owner Occupied HU | 2,074 (39.8%) |
| Renter Occupied HU | 1,981 (38.1%) |
| Vacant Housing Units | 1,151 (22.1%) |
| Median Home Value | $53,742 |
| Average Home Value | $116,964 |
Housing Distribution
Address Breakdown
Residential
4,207
Single Family
4,111
Multi-Family
96
Businesses
349
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