6120 Appaloosa 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
Investment property for sale in Mobile at 6120 Appaloosa Dr, Mobile, AL, 36693 uses $78,897 cash to close to unlock $9,594/yr annual cash flow and $800/mo monthly cash flow. Total monthly income runs $2,143/mo, and a $1,165/mo payment keeps the spread at $800/mo. Purchase price stands at $238,000, and rental yield measures 10.81% with $2,143/mo rent. Return on cash invested shows 32.07% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 167.37% and total cumulative return in cash records $132,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,143/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1 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: Elaine Sessions • Roberts Brothers West
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #378880
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.