350 S Broad StMobileAL36603
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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 350 S Broad St, Mobile, AL, 36603 generates $1,615/mo in rent, after a $1,542/mo payment. Total monthly income is $1,615/mo. Return on cash invested sits at 18.03% in year one, and rental yield is 6.15% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 92.08% and total cumulative return in cash sums $96,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,615/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36603, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,885 (100%) |
| Owner Occupied HU | 1,078 (27.7%) |
| Renter Occupied HU | 1,953 (50.3%) |
| Vacant Housing Units | 854 (22.0%) |
| Median Home Value | $119,133 |
| Average Home Value | $197,221 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,556
Multi-Family
596
Businesses
327
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Listed by: Nikita Pleasure • IXL Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7552167
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.