3411 Spring Meadow Dr EMobileAL36695
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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 3411 Spring Meadow Dr E, Mobile, AL, 36695 offers a 9.92% rental yield on a $249,259 purchase with $2,060/mo rent. Total monthly income registers $2,060/mo, and a $1,220/mo payment leaves $653/mo available for distribution. Annual cash flow reaches $7,837/yr on $82,629 to close, and return on cash invested stands at 29.39% in year one. Equity gained on principal adds $1,608/yr while 5% annual appreciation supports $68,866 over five years. Portfolio math shows five-year ROI at 153.05% and total cumulative return in cash at $126,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,060/mo property income against a $1,220/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
9,809 sqft lot
$N/A/sqft
No 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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