1012 Texas StMobileAL36604
Nearby investment properties with comparable rents
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 1012 Texas St, Mobile, AL, 36604 priced at $349,000 converts $2,262/mo rent into $292/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,262/mo, and annual cash flow totals $3,507/yr on $115,694 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 7.78% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 118.41% and total cumulative return in cash sums $136,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,262/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5,283 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36604, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,225 (100%) |
| Owner Occupied HU | 2,263 (43.3%) |
| Renter Occupied HU | 1,784 (34.1%) |
| Vacant Housing Units | 1,178 (22.5%) |
| Median Home Value | $296,824 |
| Average Home Value | $307,895 |
Housing Distribution
Address Breakdown
Residential
4,408
Single Family
3,770
Multi-Family
638
Businesses
329
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Listed by: Jeff Jones • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7548933
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.