5462 Racine AveMobileAL36618
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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
Investment property for sale in Mobile at 5462 Racine Ave, Mobile, AL, 36618 uses $94,478 cash to close to unlock $1,155/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $1,705/mo, and a $1,395/mo payment keeps the spread at $96/mo. Purchase price stands at $285,000, and rental yield measures 7.18% with $1,705/mo rent. Return on cash invested shows 21.13% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 108.72% and total cumulative return in cash records $102,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,705/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36618, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,330 (100%) |
| Owner Occupied HU | 4,914 (67.0%) |
| Renter Occupied HU | 1,914 (26.1%) |
| Vacant Housing Units | 502 ( 6.8%) |
| Median Home Value | $182,353 |
| Average Home Value | $221,358 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
6,603
Multi-Family
440
Businesses
440
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