412 Dauphin St APT CMobileAL36602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 412 Dauphin St APT C, Mobile, AL, 36602 priced at $318,200 pairs $2,062/mo rent with $49/mo cash flow after a $1,557/mo payment. Total monthly income equals $2,062/mo, and annual cash flow comes to $584/yr on $105,483 invested. Return on cash invested is 20.46% in year one, and rental yield stands at 7.78% on a $318,200 basis. Equity gained on principal adds $2,053/yr, and 5% annual appreciation accumulates to $87,913 by year five. Five-year ROI measures 105.99% and total cumulative return in cash reaches $111,806. For financing, Ziffy Mortgage’s DSCR program evaluates $2,062/mo property income against a $1,557/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2009
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36602, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,019 (100%) |
| Owner Occupied HU | 210 (20.6%) |
| Renter Occupied HU | 600 (58.9%) |
| Vacant Housing Units | 209 (20.5%) |
| Median Home Value | $271,429 |
| Average Home Value | $267,274 |
Housing Distribution
Address Breakdown
Residential
980
Single Family
453
Multi-Family
527
Businesses
711
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