3009 Southridge Rd EMobileAL36693
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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 3009 Southridge Rd E, Mobile, AL, 36693 offers a 10.18% rental yield on a $247,500 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,211/mo payment leaves $703/mo available for distribution. Annual cash flow reaches $8,440/yr on $82,046 to close, and return on cash invested stands at 30.2% in year one. Equity gained on principal adds $1,597/yr while 5% annual appreciation supports $68,380 over five years. Portfolio math shows five-year ROI at 157.34% and total cumulative return in cash at $129,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,211/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.43 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
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