1633 Phillips LnMobileAL36618
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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 1633 Phillips Ln, Mobile, AL, 36618 offers $1,906/mo rent that, after a $959/mo payment, leaves $800/mo cash flow. Total monthly income is $1,906/mo, and annual cash flow is $9,601/yr on $64,941 cash. Return on cash invested measures 34.69% in year one, and rental yield stands at 11.68% at a $195,900 entry. Equity gained on principal adds $1,264/yr while 5% annual appreciation compounds into $54,124 by year five. Five-year ROI records 181.48% and total cumulative return in cash reaches $117,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,906/mo property income versus a $959/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.49 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: Jaime Cooper • EXIT Realty Lyon & Assoc.Fhope
Mls Name: GCMLS
Mls Provider:
Mls ID: #7424105
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.