1087 Southern Way CtMobileAL36609
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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 1087 Southern Way Ct, Mobile, AL, 36609 priced at $499,500 converts $4,220/mo rent into $1,372/mo cash flow after a $2,445/mo obligation. Total monthly income equals $4,220/mo, and annual cash flow totals $16,464/yr on $165,584 invested. Return on cash invested prints 29.85% in year one, and rental yield reads 10.14% against a $499,500 entry. Equity gained on principal adds $3,223/yr, while 5% annual appreciation compiles into $138,003 by year five. Five-year ROI reaches 155.56% and total cumulative return in cash sums $257,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,220/mo property income covering a $2,445/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
$200 annually 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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Listed by: Cynthia Byrd • Ty Irby Realty & Development
Mls Name: GCMLS
Mls Provider:
Mls ID: #7482361
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.