1307 Legacy RdMobileAL36608
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.09% yield at 1307 Legacy Rd, Mobile, AL, 36608 in Mobile is solid, but the $1,187/mo payment compresses net cash flow to $70/mo at $263,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $72,911 by year five, and $2,431/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.31) without U.S. income documentation. Total projected return: $104,010.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.8% |
| Monthly Cash Flow | $70 | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $1,385 |
| DSCR Ratio | 1.13x |
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 2025
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
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 2025
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices