2403 Carolina CtMobileAL36695
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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 2403 Carolina Ct, Mobile, AL, 36695 listed at $430,475 pairs $3,863/mo rent with a $2,107/mo payment to leave $1,402/mo cash flow. Total monthly income runs $3,863/mo, and annual cash flow reaches $16,820/yr on $142,702 cash to close. Return on cash invested measures 31.7% in year one, and rental yield registers 10.77% at a $430,475 basis. Equity gained on principal adds $2,778/yr, and annual property appreciation at 5% supports $118,932 by year five. Five-year ROI tracks 165.43% and total cumulative return in cash totals $236,072. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,863/mo property income relative to a $2,107/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
10,084 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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Listed by: Steven Koleno • Beycome Brokerage Realty LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7462957
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.