3409 Canacee DrMobileAL36693
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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 3409 Canacee Dr, Mobile, AL, 36693 offers $1,956/mo rent that, after a $525/mo payment, leaves $1,236/mo cash flow. Total monthly income is $1,956/mo, and annual cash flow is $14,828/yr on $35,543 cash. Return on cash invested measures 61.63% in year one, and rental yield stands at 21.89% at a $107,219 entry. Equity gained on principal adds $692/yr while 5% annual appreciation compounds into $29,623 by year five. Five-year ROI records 327.29% and total cumulative return in cash reaches $116,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,956/mo property income versus a $525/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1 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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