Zip Code 36618 — Mobile, AL
🟢GOOD— solid returnsCap Rate
7.4%
Monthly Cash Flow
+$144
Median Home Price
$175,779
DSCR
1.15
Fair Market Rents
- Studio
- $900/mo
- 1 Bedroom
- $990/mo
- 2 Bedroom
- $1,220/mo
- 3 Bedroom
- $1,620/mo
- 4 Bedroom
- $1,650/mo
Investment Metrics
- Cap Rate
- 7.4%
- Cash-on-Cash Return
- 4.3%
- Price-to-Rent Ratio
- 9.0
- 1% Rule
- 0.92%
- Gross Rent Multiplier
- 9.0
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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