1701 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
Investment property for sale in Mobile at 1701 Phillips Ln, Mobile, AL, 36618 offers a 9.61% rental yield on a $180,000 purchase with $1,442/mo rent. Total monthly income registers $1,442/mo, and a $881/mo payment leaves $426/mo available for distribution. Annual cash flow reaches $5,112/yr on $59,670 to close, and return on cash invested stands at 28.48% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 148.06% and total cumulative return in cash at $88,349. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,442/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.92 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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