2298 Snowden Pl, Mobile, AL, 36609 | 5.63% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mobile at 2298 Snowden Pl, Mobile, AL, 36609 generates $1,620/mo in rent, after a $1,689/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 16.47% in year one, and rental yield is 5.63% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 83.71% and total cumulative return in cash sums $95,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

4,051 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,706 (100%)
Owner Occupied HU	4,936 (38.8%)
Renter Occupied HU	6,721 (52.9%)
Vacant Housing Units	1,049 ( 8.3%)
Median Home Value	$228,794
Average Home Value	$248,917