305 N Joachim StMobileAL36603
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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
Total monthly income runs $1,366/mo, and a $1,590/mo payment. Purchase price stands at $324,900, and rental yield measures 5.05% with $1,366/mo rent. Return on cash invested shows 13.17% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 66.53% and total cumulative return in cash records $71,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,366/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Townhouse
Built in 1852
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36603, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,885 (100%) |
| Owner Occupied HU | 1,078 (27.7%) |
| Renter Occupied HU | 1,953 (50.3%) |
| Vacant Housing Units | 854 (22.0%) |
| Median Home Value | $119,133 |
| Average Home Value | $197,221 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,556
Multi-Family
596
Businesses
327
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Listed by: Mark Minnaert • Better Homes & Gardens RE Platinum Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7555719
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