5406 Spring DrMobileAL36693
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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 5406 Spring Dr, Mobile, AL, 36693 offers $2,100/mo rent that, after a $1,209/mo payment, leaves $616/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $7,392/yr on $81,881 cash. Return on cash invested measures 28.94% in year one, and rental yield stands at 10.2% at a $247,000 entry. Equity gained on principal adds $1,594/yr while 5% annual appreciation compounds into $68,242 by year five. Five-year ROI records 151.02% and total cumulative return in cash reaches $123,652. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,209/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36693, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,549 (61.8%) |
| Renter Occupied HU | 2,629 (29.3%) |
| Vacant Housing Units | 808 ( 9.0%) |
| Median Home Value | $234,614 |
| Average Home Value | $284,297 |
Housing Distribution
Address Breakdown
Residential
8,474
Single Family
6,581
Multi-Family
1,893
Businesses
653
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Listed by: Ken Talbert • Coldwell Banker Reehl Prop Fairhope
Mls Name: GCMLS
Mls Provider:
Mls ID: #7477265
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.