761 S Broad StMobileAL36603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 761 S Broad St, Mobile, AL, 36603 offers $1,333/mo rent that, after a $842/mo payment, leaves $362/mo cash flow. Total monthly income is $1,333/mo, and annual cash flow is $4,344/yr on $57,018 cash. Return on cash invested measures 27.53% in year one, and rental yield stands at 9.3% at a $172,000 entry. Equity gained on principal adds $1,110/yr while 5% annual appreciation compounds into $47,520 by year five. Five-year ROI records 142.99% and total cumulative return in cash reaches $81,529. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,333/mo property income versus a $842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36603, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,885 (100%) |
| Owner Occupied HU | 1,078 (27.7%) |
| Renter Occupied HU | 1,953 (50.3%) |
| Vacant Housing Units | 854 (22.0%) |
| Median Home Value | $119,133 |
| Average Home Value | $197,221 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,556
Multi-Family
596
Businesses
327
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Listed by: Cassandra Curtis • Clear Path Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7541910
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.