409 Pine CtMobileAL36608
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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 409 Pine Ct, Mobile, AL, 36608 priced at $468,000 pairs $3,185/mo rent with $520/mo cash flow after a $2,291/mo payment. Total monthly income equals $3,185/mo, and annual cash flow comes to $6,240/yr on $155,142 invested. Return on cash invested is 23.93% in year one, and rental yield stands at 8.17% on a $468,000 basis. Equity gained on principal adds $3,020/yr, and 5% annual appreciation accumulates to $129,300 by year five. Five-year ROI measures 123.75% and total cumulative return in cash reaches $191,981. For financing, Ziffy Mortgage’s DSCR program evaluates $3,185/mo property income against a $2,291/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
8,759 sqft lot
$N/A/sqft
No 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: Tim Pope • Berkshire Hathaway Cooper & Co
Mls Name: GCMLS
Mls Provider:
Mls ID: #7484503
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.