5354 Cortez CtMobileAL36609
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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 5354 Cortez Ct, Mobile, AL, 36609 priced at $192,900 pairs $1,686/mo rent with $559/mo cash flow after a $944/mo payment. Total monthly income equals $1,686/mo, and annual cash flow comes to $6,713/yr on $63,946 invested. Return on cash invested is 30.41% in year one, and rental yield stands at 10.49% on a $192,900 basis. Equity gained on principal adds $1,245/yr, and 5% annual appreciation accumulates to $53,295 by year five. Five-year ROI measures 158.72% and total cumulative return in cash reaches $101,495. For financing, Ziffy Mortgage’s DSCR program evaluates $1,686/mo property income against a $944/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
9,979 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,706 (100%) |
| Owner Occupied HU | 4,936 (38.8%) |
| Renter Occupied HU | 6,721 (52.9%) |
| Vacant Housing Units | 1,049 ( 8.3%) |
| Median Home Value | $228,794 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
6,555
Multi-Family
4,937
Businesses
1,002
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Listed by: Leder Stokes • Courtney and Morris Springhill
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #361253
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.