1804 Ridge CtMobileAL36609
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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 1804 Ridge Ct, Mobile, AL, 36609 listed at $395,500 pairs $3,280/mo rent with a $1,936/mo payment to leave $1,011/mo cash flow. Total monthly income runs $3,280/mo, and annual cash flow reaches $12,129/yr on $131,108 cash to close. Return on cash invested measures 29.16% in year one, and rental yield registers 9.95% at a $395,500 basis. Equity gained on principal adds $2,552/yr, and annual property appreciation at 5% supports $109,269 by year five. Five-year ROI tracks 151.87% and total cumulative return in cash totals $199,111. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,280/mo property income relative to a $1,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.30 Acres 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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