308 Saint Louis St APT 109MobileAL36602
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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
Rental property for sale in Mobile at 308 Saint Louis St APT 109, Mobile, AL, 36602 generates $1,988/mo in rent, after a $1,444/mo payment. Total monthly income is $1,988/mo. Return on cash invested sits at 15.02% in year one, and rental yield is 8.09% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 79.14% and total cumulative return in cash sums $77,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,988/mo property income rather than buyer’s personal income.
Condo
Built in 2009
0.94 Acres lot
$N/A/sqft
$540 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36602, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 210 (20.6%) |
| Renter Occupied HU | 600 (58.9%) |
| Vacant Housing Units | 209 (20.5%) |
| Median Home Value | $271,429 |
| Average Home Value | $267,274 |
Housing Distribution
Address Breakdown
Residential
980
Single Family
453
Multi-Family
527
Businesses
711
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Listed by: John Mims • 1702 Real Estate
Mls Name: GCMLS
Mls Provider:
Mls ID: #7515172
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.