12 S Reed AveMobileAL36604
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Nearby investment properties with comparable prices
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
Investment property for sale in Mobile at 12 S Reed Ave, Mobile, AL, 36604 at $400,000 posts ROI 22.76% with $315/mo cash flow from $2,602/mo rent. Total monthly income equals $2,602/mo, and annual cash flow records $3,784/yr on $132,600 to close. Return on cash invested measures 22.76% and rental yield reads 7.81% at the current $400,000. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 by year five. Five-year ROI prints 117.54% and total cumulative return in cash totals $155,860.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,602/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
7,500 sqft 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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