1602 Government St APT 1BMobileAL36604
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
Investment Highlights
Investment property for sale in Mobile at 1602 Government St APT 1B, Mobile, AL, 36604 earns $19/mo cash flow from $1,046/mo rent with a $631/mo payment. Total monthly income totals $1,046/mo, and annual cash flow totals $230/yr on $42,764 capital. ROI tracks 20.45% on current figures, and rental yield reads 9.73% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash sums $46,261. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,046/mo property income instead of your personal income.
Condo
Built in 1930
1.33 Acres lot
$N/A/sqft
$249 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36604, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,225 (100%) |
| Owner Occupied HU | 2,263 (43.3%) |
| Renter Occupied HU | 1,784 (34.1%) |
| Vacant Housing Units | 1,178 (22.5%) |
| Median Home Value | $296,824 |
| Average Home Value | $307,895 |
Housing Distribution
Address Breakdown
Residential
4,408
Single Family
3,770
Multi-Family
638
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Granger • Real Broker LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7614302
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.