2242 River Forest DrMobileAL36605
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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
Total monthly income runs $1,710/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 3.91% with $1,710/mo rent. Return on cash invested shows 11.35% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 56.21% and total cumulative return in cash records $97,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 2018
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36605, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,524 (100%) |
| Owner Occupied HU | 5,610 (44.8%) |
| Renter Occupied HU | 4,297 (34.3%) |
| Vacant Housing Units | 2,617 (20.9%) |
| Median Home Value | $116,350 |
| Average Home Value | $206,919 |
Housing Distribution
Address Breakdown
Residential
10,586
Single Family
10,090
Multi-Family
496
Businesses
404
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Listed by: April Hunt • Waters Edge Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7545256
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.