660 Spring Lake CtMobileAL36695
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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 660 Spring Lake Ct, Mobile, AL, 36695 priced at $238,000 pairs $1,688/mo rent with $345/mo cash flow after a $1,165/mo payment. Total monthly income equals $1,688/mo, and annual cash flow comes to $4,134/yr on $78,897 invested. Return on cash invested is 25.15% in year one, and rental yield stands at 8.51% on a $238,000 basis. Equity gained on principal adds $1,536/yr, and 5% annual appreciation accumulates to $65,755 by year five. Five-year ROI measures 130.25% and total cumulative return in cash reaches $102,766. For financing, Ziffy Mortgage’s DSCR program evaluates $1,688/mo property income against a $1,165/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1999
3,654 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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