209 Norden Dr EMobileAL36608
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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 209 Norden Dr E, Mobile, AL, 36608 generates $1,493/mo in rent and, after a $529/mo payment, leaves $859/mo in cash flow. Total monthly income is $1,493/mo, and annual cash flow is $10,305/yr on $35,802 invested. Return on cash invested sits at 48.69% in year one, and rental yield is 16.59% on a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 256.77% and total cumulative return in cash sums $91,928. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,493/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
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Listed by: Tina Rowe • Keller Williams - Mobile
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #387662
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.