5900 Grelot Rd APT 803MobileAL36609
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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 5900 Grelot Rd APT 803, Mobile, AL, 36609 offers a 10.88% rental yield on a $170,600 purchase with $1,547/mo rent. Total monthly income registers $1,547/mo, and a $835/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,199/yr on $56,554 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $1,101/yr while 5% annual appreciation supports $47,134 over five years. Portfolio math shows five-year ROI at 126.11% and total cumulative return in cash at $71,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,547/mo property income against a $835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1987
0.42 Acres lot
$N/A/sqft
$300 monthly 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: Rachel Nufrio • Exit Allstar Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7499768
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.