3408 Emerald StMobileAL36612
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3408 Emerald St, Mobile, AL, 36612 in Mobile is capital appreciation. Rental yield 5.47%. The 5.47% gross yield at $260,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $71,833 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.96) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $74,932.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 6.8% |
| Monthly Cash Flow | $(282) | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,186 |
| Total Monthly Debt Service | $1,428 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
4,573 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36612, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,920 (100%) |
| Owner Occupied HU | 831 (43.3%) |
| Renter Occupied HU | 757 (39.4%) |
| Vacant Housing Units | 332 (17.3%) |
| Median Home Value | $84,130 |
| Average Home Value | $187,467 |
Housing Distribution
Address Breakdown
Residential
1,686
Single Family
1,360
Multi-Family
326
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kendra Marshall • IXL Real Estate North
Mls Name: GCMLS
Mls Provider:
Mls ID: #7529599
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.
