1801 Larkwood DrMobileAL36618
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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 1801 Larkwood Dr, Mobile, AL, 36618 uses $36,134 cash to close to unlock $3,087/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $873/mo, and a $534/mo payment keeps the spread at $257/mo. Purchase price stands at $109,000, and rental yield measures 9.61% with $873/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 148.08% and total cumulative return in cash records $53,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $873/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36618, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,330 (100%) |
| Owner Occupied HU | 4,914 (67.0%) |
| Renter Occupied HU | 1,914 (26.1%) |
| Vacant Housing Units | 502 ( 6.8%) |
| Median Home Value | $182,353 |
| Average Home Value | $221,358 |
Housing Distribution
Address Breakdown
Residential
7,043
Single Family
6,603
Multi-Family
440
Businesses
440
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