962 Dickenson AveMobileAL36609
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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 962 Dickenson Ave, Mobile, AL, 36609 uses $38,164 cash to close to unlock $8,996/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $563/mo payment keeps the spread at $750/mo. Purchase price stands at $115,125, and rental yield measures 14.58% with $1,399/mo rent. Return on cash invested shows 43.48% in year one, and 5% annual appreciation builds toward $31,807 over five years. Five-year ROI reaches 228.56% and total cumulative return in cash records $87,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $563/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
3,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36609, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,706 (100%) |
| Owner Occupied HU | 4,936 (38.8%) |
| Renter Occupied HU | 6,721 (52.9%) |
| Vacant Housing Units | 1,049 ( 8.3%) |
| Median Home Value | $228,794 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
6,555
Multi-Family
4,937
Businesses
1,002
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