4009 Old Shell Rd APT B2MobileAL36608
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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 4009 Old Shell Rd APT B2, Mobile, AL, 36608 generates $1,673/mo in rent, after a $1,456/mo payment. Total monthly income is $1,673/mo. Return on cash invested sits at 12.72% in year one, and rental yield is 6.75% on a $297,500 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 66.2% and total cumulative return in cash sums $65,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,673/mo property income rather than buyer’s personal income.
Condo
Built in 1969
4.72 Acres lot
$N/A/sqft
$533 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: Susan Newby • L L B & B, Inc.
Mls Name: GCMLS
Mls Provider:
Mls ID: #7551194
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.