2950 Patrician PlMobileAL36695
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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 2950 Patrician Pl, Mobile, AL, 36695 uses $114,368 cash to close to unlock $13,227/yr annual cash flow and $1,102/mo monthly cash flow. Total monthly income runs $3,050/mo, and a $1,689/mo payment keeps the spread at $1,102/mo. Purchase price stands at $345,000, and rental yield measures 10.61% with $3,050/mo rent. Return on cash invested shows 31.47% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 164.18% and total cumulative return in cash records $187,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,050/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1987
1 Acres lot
$N/A/sqft
No 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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