1018 Centerwood DrMobileAL36608
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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 1018 Centerwood Dr, Mobile, AL, 36608 priced at $195,205 converts $1,843/mo rent into $742/mo cash flow after a $955/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $8,899/yr on $64,710 invested. Return on cash invested prints 33.66% in year one, and rental yield reads 11.33% against a $195,205 entry. Equity gained on principal adds $1,260/yr, while 5% annual appreciation compiles into $53,932 by year five. Five-year ROI reaches 175.89% and total cumulative return in cash sums $113,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $955/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
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Listed by: Mamun Siddiq • RE/MAX Partners
Mls Name: GCMLS
Mls Provider:
Mls ID: #7501552
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.