3655 Old Shell Rd APT 121MobileAL36608
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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
Total monthly income runs $1,493/mo, and a $1,008/mo payment. Purchase price stands at $205,900, and rental yield measures 8.7% with $1,493/mo rent. Return on cash invested shows 17.75% in year one, and 5% annual appreciation builds toward $56,886 over five years. Five-year ROI reaches 93.48% and total cumulative return in cash records $63,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,493/mo property income covering a $1,008/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
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Listed by: Jessica Sweeney • 1702 Real Estate
Mls Name: GCMLS
Mls Provider:
Mls ID: #7595470
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.