115 Florence PlMobileAL36607
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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 115 Florence Pl, Mobile, AL, 36607 priced at $299,900 converts $2,346/mo rent into $653/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,346/mo, and annual cash flow totals $7,837/yr on $99,417 invested. Return on cash invested prints 27.79% in year one, and rental yield reads 9.39% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 144.44% and total cumulative return in cash sums $143,596. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,346/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1946
7,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36607, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,700 (100%) |
| Owner Occupied HU | 1,460 (39.5%) |
| Renter Occupied HU | 1,593 (43.1%) |
| Vacant Housing Units | 647 (17.5%) |
| Median Home Value | $213,704 |
| Average Home Value | $279,693 |
Housing Distribution
Address Breakdown
Residential
3,093
Single Family
2,589
Multi-Family
504
Businesses
516
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