412 Dauphin St APT EMobileAL36602
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $235,000, 412 Dauphin St APT E, Mobile, AL, 36602 in Mobile generates $1,909/mo in rent (9.75% yield) but nets only $138/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.81) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $64,926. Total projected return: $99,404.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.8% |
| Monthly Cash Flow | $138 | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,909 |
| Total Monthly Debt Service | $1,677 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
0.79 Acres lot
$N/A/sqft
$400 monthly 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
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
Condo
Built in N/A
0.79 Acres lot
$N/A/sqft
$400 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam Winter • Sam Winter and Company, Inc
Mls Name: GCMLS
Mls Provider:
Mls ID: #7356230
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.