1306 Summerchase CtMobileAL36695
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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
Investment property for sale in Mobile at 1306 Summerchase Ct, Mobile, AL, 36695 uses $82,477 cash to close to unlock $7,709/yr annual cash flow and $642/mo monthly cash flow. Total monthly income runs $2,062/mo, and a $1,218/mo payment keeps the spread at $642/mo. Purchase price stands at $248,800, and rental yield measures 9.95% with $2,062/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $68,739 over five years. Five-year ROI reaches 152.35% and total cumulative return in cash records $125,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,062/mo property income covering a $1,218/mo payment rather than investor’s personal income.
Single Family
Built in 2001
N/A lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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