306 Spring Lake Dr NMobileAL36695
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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 306 Spring Lake Dr N, Mobile, AL, 36695 offers a 9.56% rental yield on a $235,000 purchase with $1,872/mo rent. Total monthly income registers $1,872/mo, and a $1,150/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,989/yr on $77,903 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 137.21% and total cumulative return in cash at $106,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
3,327 sqft lot
$N/A/sqft
$130 monthly 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: Cynthia Baxter • EXIT Allstar Gulf Coast Realty
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #367439
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.