150 S Dearborn StMobileAL36602
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 150 S Dearborn St, Mobile, AL, 36602 in Mobile worth study. Rental yield 5.43%. The 5.43% gross yield is below cash-flow benchmarks at $599,000, but 5% annual appreciation, adding $165,493 over five years, frames this as a capital growth position. Rent of $2,712/mo partially offsets the $2,693/mo payment. Ziffy Mortgage finances appreciation-play properties (1.01 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $182,692.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 6.8% |
| Monthly Cash Flow | $(669) | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,712 |
| Total Monthly Debt Service | $3,143 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1860
5,536 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36602, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 210 (20.6%) |
| Renter Occupied HU | 600 (58.9%) |
| Vacant Housing Units | 209 (20.5%) |
| Median Home Value | $271,429 |
| Average Home Value | $267,274 |
Housing Distribution
Address Breakdown
Residential
980
Single Family
453
Multi-Family
527
Businesses
711
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 1860
5,536 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36602, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 210 (20.6%) |
| Renter Occupied HU | 600 (58.9%) |
| Vacant Housing Units | 209 (20.5%) |
| Median Home Value | $271,429 |
| Average Home Value | $267,274 |
Housing Distribution
Address Breakdown
Residential
980
Single Family
453
Multi-Family
527
Businesses
711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices