2302 Hamilton Ridge Dr EMobileAL36695
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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 2302 Hamilton Ridge Dr E, Mobile, AL, 36695 earns $588/mo cash flow from $2,688/mo rent with a $1,786/mo payment. Total monthly income totals $2,688/mo, and annual cash flow totals $7,057/yr on $120,964 capital. ROI tracks 25.74% on current figures, and rental yield reads 8.84% at a $364,900 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,815 over five years. Five-year ROI reaches 133.59% and total cumulative return in cash sums $161,592. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,688/mo property income instead of your personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
$483 annually 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: Shenita Miller • DHI Realty of Alabama LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7321582
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.