2308 Lantern Ln EMobileAL36693
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2308 Lantern Ln E, Mobile, AL, 36693 in Mobile deserves attention. This $177,200 property earns $2,466/mo in rent, a 16.7% gross yield, and nets $1,437/mo after the $797/mo payment. DSCR 3.09 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $48,957 compounds alongside $1,632/yr in yearly equity build, for a total cumulative return of $159,396.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.7% | 6.8% |
| Monthly Cash Flow | $1,437 | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,466 |
| Total Monthly Debt Service | $959 |
| DSCR Ratio | 2.57x |
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 1971
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36693, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,549 (61.8%) |
| Renter Occupied HU | 2,629 (29.3%) |
| Vacant Housing Units | 808 ( 9.0%) |
| Median Home Value | $234,614 |
| Average Home Value | $284,297 |
Housing Distribution
Address Breakdown
Residential
8,474
Single Family
6,581
Multi-Family
1,893
Businesses
653
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 1971
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36693, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,549 (61.8%) |
| Renter Occupied HU | 2,629 (29.3%) |
| Vacant Housing Units | 808 ( 9.0%) |
| Median Home Value | $234,614 |
| Average Home Value | $284,297 |
Housing Distribution
Address Breakdown
Residential
8,474
Single Family
6,581
Multi-Family
1,893
Businesses
653
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices