1516 Northview DrMobileAL36618
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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 1516 Northview Dr, Mobile, AL, 36618 generates $1,564/mo in rent and, after a $1,052/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,564/mo, and annual cash flow is $4,209/yr on $71,273 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 8.73% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 133.8% and total cumulative return in cash sums $95,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,564/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36618, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,330 (100%) |
| Owner Occupied HU | 4,914 (67.0%) |
| Renter Occupied HU | 1,914 (26.1%) |
| Vacant Housing Units | 502 ( 6.8%) |
| Median Home Value | $182,353 |
| Average Home Value | $221,358 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
6,603
Multi-Family
440
Businesses
440
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Listed by: Jeanice Durgin • JayCo Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7540738
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.