6615 Lubarrett Way SMobileAL36695
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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 6615 Lubarrett Way S, Mobile, AL, 36695 offers a 12.12% rental yield on a $332,700 purchase with $3,360/mo rent. Total monthly income registers $3,360/mo, and a $1,628/mo payment leaves $1,417/mo available for distribution. Annual cash flow reaches $17,002/yr on $110,290 to close, and return on cash invested stands at 35.32% in year one. Equity gained on principal adds $2,147/yr while 5% annual appreciation supports $91,919 over five years. Portfolio math shows five-year ROI at 185.05% and total cumulative return in cash at $204,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $1,628/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
N/A lot
$N/A/sqft
$6 monthly 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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