15 Alexander StMobileAL36607
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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 15 Alexander St, Mobile, AL, 36607 priced at $174,050 pairs $1,527/mo rent with $544/mo cash flow after a $852/mo payment. Total monthly income equals $1,527/mo, and annual cash flow comes to $6,534/yr on $57,698 invested. Return on cash invested is 31.23% in year one, and rental yield stands at 10.53% on a $174,050 basis. Equity gained on principal adds $1,123/yr, and 5% annual appreciation accumulates to $48,087 by year five. Five-year ROI measures 162.88% and total cumulative return in cash reaches $93,981. For financing, Ziffy Mortgage’s DSCR program evaluates $1,527/mo property income against a $852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36607, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,700 (100%) |
| Owner Occupied HU | 1,460 (39.5%) |
| Renter Occupied HU | 1,593 (43.1%) |
| Vacant Housing Units | 647 (17.5%) |
| Median Home Value | $213,704 |
| Average Home Value | $279,693 |
Housing Distribution
Address Breakdown
Residential
3,093
Single Family
2,589
Multi-Family
504
Businesses
516
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Listed by: Ashley Martin • EXP Realty LLC Port City North
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #387717
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.