281 S Florida StMobileAL36606
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Investment Highlights
Rental property for sale in Mobile at 281 S Florida St, Mobile, AL, 36606 priced at $157,500 converts $0/mo rent into after a $771/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -0.53% in year one, and rental yield reads 0% against a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation compiles into $43,514 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $771/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices