1205 Wakefield Dr EMobileAL36695
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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 1205 Wakefield Dr E, Mobile, AL, 36695 priced at $370,000 converts $2,314/mo rent into $226/mo cash flow after a $1,811/mo obligation. Total monthly income equals $2,314/mo, and annual cash flow totals $2,706/yr on $122,655 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 7.5% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 113.97% and total cumulative return in cash sums $139,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,314/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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Listed by: Jamee Booth • Roberts Brothers West
Mls Name: GCMLS
Mls Provider:
Mls ID: #7547992
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.