150 S Dearborn StMobileAL36602
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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 150 S Dearborn St, Mobile, AL, 36602 priced at $599,000 converts $2,712/mo rent into after a $2,932/mo obligation. Total monthly income equals $2,712/mo. Return on cash invested prints 15.99% in year one, and rental yield reads 5.43% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 81.05% and total cumulative return in cash sums $159,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,712/mo property income covering a $2,932/mo payment, not borrower’s personal income.
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
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