2303 Rushing DrMobileAL36617
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2303 Rushing Dr, Mobile, AL, 36617 in Mobile is a solid income-producing rental, 9.56% gross yield, $1,038/mo rent, $314/mo net cash flow on a $135,000 buy. DSCR 1.71 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $37,298 and $1,243/yr in principal reduction project a total cumulative return of $68,642.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $314 | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,038 |
| Total Monthly Debt Service | $708 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
6,856 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36617, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,782 (100%) |
| Owner Occupied HU | 2,743 (47.4%) |
| Renter Occupied HU | 2,019 (34.9%) |
| Vacant Housing Units | 1,020 (17.6%) |
| Median Home Value | $84,814 |
| Average Home Value | $164,904 |
Housing Distribution
Address Breakdown
Residential
5,126
Single Family
4,670
Multi-Family
456
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
6,856 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36617, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,782 (100%) |
| Owner Occupied HU | 2,743 (47.4%) |
| Renter Occupied HU | 2,019 (34.9%) |
| Vacant Housing Units | 1,020 (17.6%) |
| Median Home Value | $84,814 |
| Average Home Value | $164,904 |
Housing Distribution
Address Breakdown
Residential
5,126
Single Family
4,670
Multi-Family
456
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Pugh • Elite Real Estate Solutions, LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7553745
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.