120 S Fulton StMobileAL36606
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 120 S Fulton St, Mobile, AL, 36606 in Mobile achieves a 1.60 ratio at $369,500: $2,665/mo rent versus $1,662/mo debt service. Rental yield 6.62%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 6.62% yield compounds alongside 5% annual appreciation projecting $102,086 in value. Total projected cumulative return: $176,486.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.8% |
| Monthly Cash Flow | $(47) | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,665 |
| Total Monthly Debt Service | $1,939 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
10,829 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
Nearby investment properties with comparable rents
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
Single Family
Built in N/A
10,829 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris King • Roberts Brothers TREC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7561533
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.