68 N Monterey StMobileAL36604
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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
Total monthly income runs $3,043/mo, and a $2,937/mo payment. Purchase price stands at $600,000, and rental yield measures 6.09% with $3,043/mo rent. Return on cash invested shows 17.05% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 87.06% and total cumulative return in cash records $171,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1909
8,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36604, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,225 (100%) |
| Owner Occupied HU | 2,263 (43.3%) |
| Renter Occupied HU | 1,784 (34.1%) |
| Vacant Housing Units | 1,178 (22.5%) |
| Median Home Value | $296,824 |
| Average Home Value | $307,895 |
Housing Distribution
Address Breakdown
Residential
4,408
Single Family
3,770
Multi-Family
638
Businesses
329
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Listed by: Frances Williams • L L B & B, Inc.
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #366431
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.