7878 Park Place Dr NMobileAL36608
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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 7878 Park Place Dr N, Mobile, AL, 36608 offers $2,732/mo rent that, after a $1,439/mo payment, leaves $1,072/mo cash flow. Total monthly income is $2,732/mo, and annual cash flow is $12,869/yr on $97,494 cash. Return on cash invested measures 33.11% in year one, and rental yield stands at 11.15% at a $294,100 entry. Equity gained on principal adds $1,898/yr while 5% annual appreciation compounds into $81,254 by year five. Five-year ROI records 172.94% and total cumulative return in cash reaches $168,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,732/mo property income versus a $1,439/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
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