6701 Somerby LnMobileAL36695
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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 6701 Somerby Ln, Mobile, AL, 36695 generates $2,760/mo in rent and, after a $2,017/mo payment, leaves $434/mo in cash flow. Total monthly income is $2,760/mo, and annual cash flow is $5,208/yr on $136,578 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.04% on a $412,000 entry. Equity gained on principal adds $2,659/yr, while 5% annual appreciation builds toward $113,828 over five years. Five-year ROI reaches 122.57% and total cumulative return in cash sums $167,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
7,649 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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