1028 Cross Gates PlMobileAL36609
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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 1028 Cross Gates Pl, Mobile, AL, 36609 offers $2,503/mo rent that, after a $1,517/mo payment, leaves $727/mo cash flow. Total monthly income is $2,503/mo, and annual cash flow is $8,718/yr on $102,765 cash. Return on cash invested measures 28.39% in year one, and rental yield stands at 9.69% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 147.75% and total cumulative return in cash reaches $151,831. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,503/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
6,198 sqft lot
$N/A/sqft
$27 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,706 (100%) |
| Owner Occupied HU | 4,936 (38.8%) |
| Renter Occupied HU | 6,721 (52.9%) |
| Vacant Housing Units | 1,049 ( 8.3%) |
| Median Home Value | $228,794 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
6,555
Multi-Family
4,937
Businesses
1,002
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