1848 Canal StMobileAL36606
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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 1848 Canal St, Mobile, AL, 36606 at $109,900 posts ROI 27.79% with $239/mo cash flow from $881/mo rent. Total monthly income equals $881/mo, and annual cash flow records $2,870/yr on $36,432 to close. Return on cash invested measures 27.79% and rental yield reads 9.62% at the current $109,900. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 by year five. Five-year ROI prints 144.77% and total cumulative return in cash totals $52,744.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $881/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
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Listed by: Rameh Dickens Khazen • Bellator Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7542070
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.