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Market MapMobile, AL
Metropolitan Area

Mobile, AL

Alabama02 counties
65
/100
Buy
#338 of 894 metros
Top 38% nationally for investing

Market Snapshot

$190,524
Median Home Price
22% below national median
$1,258/mo
Median Rent
9% below national median
7.92%
Rent-to-Price Ratio
Top 11% nationally
-$181
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$190,524
Down Payment (20%)$38,105
Loan Amount$152,419
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,258
Monthly P&I-$999
Est. Expenses (35%)-$440
Net Cash Flow-$181/mo
5.2%
Cap Rate (all cash)
-5.0%
Cash-on-Cash Return
7.92%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.2% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
65/100
65
Cash Flow(30%)
79/100

Based on 7.92% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
43/100

Based on -1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
89/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.92%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)
  • +Multiple counties (2) for portfolio diversification

Challenges

  • -Declining home values (-1.0% YoY)
  • -Negative leverage (cap rate 5.2% < mortgage rate 6.9%)

Counties in Mobile, AL

Best Overall
Mobile
AL - Score: 62
Verdict
MobileAL
413,87862$191,438$1,2587.89%BuyView
BaldwinAL
233,42052$368,480$1,7835.81%HoldView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Mobile, AL
65$190,524$1,2587.92%Buy

The Bottom Line

BuyMobile, AL offers solid investment potential with good cash flow or appreciation prospects.

The Mobile, AL metro area scores 65/100, ranking #338 of 894 US metros (top 38%). The 7.92% rent-to-price ratio indicates moderate cash flow potential. Among 2 counties, Mobile shows the strongest investment potential (score: 62).

Monthly Cash Flow
$-181/mo
Cap Rate
5.2%
Cash-on-Cash
-5.7%

Ready to Invest in Mobile, AL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyMobile
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