6258 Biscayne CirMobileAL36609
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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 6258 Biscayne Cir, Mobile, AL, 36609 uses $62,952 cash to close to unlock $7,927/yr annual cash flow and $661/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $929/mo payment keeps the spread at $661/mo. Purchase price stands at $189,900, and rental yield measures 10.94% with $1,732/mo rent. Return on cash invested shows 32.5% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 169.68% and total cumulative return in cash records $106,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1956
10,728 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: Carrie Diamond • Diamond Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7552596
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.