115 N Julia StMobileAL36604
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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 N Julia St, Mobile, AL, 36604 priced at $650,000 converts $1,555/mo rent into after a $3,181/mo obligation. Total monthly income equals $1,555/mo. Return on cash invested prints 8.2% in year one, and rental yield reads 2.87% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 39.3% and total cumulative return in cash sums $84,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,555/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Multi Family
Built in 2009
0.37 Acres 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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