1609 Oak Forest CtMobileAL36609
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
Investment property for sale in Mobile at 1609 Oak Forest Ct, Mobile, AL, 36609 listed at $341,000 pairs $2,811/mo rent with a $1,669/mo payment to leave $552/mo cash flow. Total monthly income runs $2,811/mo, and annual cash flow reaches $6,626/yr on $113,042 cash to close. Return on cash invested measures 25.77% in year one, and rental yield registers 9.89% at a $341,000 basis. Equity gained on principal adds $2,200/yr, and annual property appreciation at 5% supports $94,212 by year five. Five-year ROI tracks 134.88% and total cumulative return in cash totals $152,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,811/mo property income relative to a $1,669/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
1 Acres lot
$N/A/sqft
$13 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices